Paul Eugene Bayer Sells 6,743 Shares of National Retail Properties, Inc. (NNN) Stock

National Retail Properties, Inc. (NYSE:NNN) insider Paul Eugene Bayer sold 6,743 shares of National Retail Properties stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $55.55, for a total value of $374,573.65. Following the completion of the transaction, the insider now owns 133,072 shares in the company, valued at $7,392,149.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Paul Eugene Bayer also recently made the following trade(s):

  • On Tuesday, March 5th, Paul Eugene Bayer sold 12,745 shares of National Retail Properties stock. The stock was sold at an average price of $52.00, for a total value of $662,740.00.

Shares of National Retail Properties stock opened at $51.54 on Friday. The firm has a market capitalization of $8.32 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 4.42 and a beta of 0.27. The company has a quick ratio of 7.35, a current ratio of 7.35 and a debt-to-equity ratio of 0.81. National Retail Properties, Inc. has a 12 month low of $36.95 and a 12 month high of $55.87.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.46). The business had revenue of $158.83 million during the quarter, compared to analyst estimates of $157.82 million. National Retail Properties had a return on equity of 8.63% and a net margin of 46.97%. As a group, analysts predict that National Retail Properties, Inc. will post 2.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, April 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.88%. National Retail Properties’s payout ratio is 74.63%.

A number of equities analysts recently issued reports on NNN shares. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, February 15th. Raymond James upgraded National Retail Properties from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. LADENBURG THALM/SH SH cut National Retail Properties from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. Finally, B. Riley cut National Retail Properties from a “buy” rating to a “neutral” rating and raised their target price for the stock from $50.00 to $55.00 in a research report on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First National Bank of Mount Dora Trust Investment Services boosted its position in National Retail Properties by 659.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 33,885 shares of the real estate investment trust’s stock valued at $1,877,000 after purchasing an additional 29,425 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of National Retail Properties by 3.8% in the fourth quarter. Macquarie Group Ltd. now owns 412,511 shares of the real estate investment trust’s stock worth $20,010,000 after buying an additional 15,022 shares during the last quarter. Bank of Montreal Can lifted its position in shares of National Retail Properties by 4.3% in the fourth quarter. Bank of Montreal Can now owns 69,688 shares of the real estate investment trust’s stock worth $3,380,000 after buying an additional 2,856 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of National Retail Properties in the fourth quarter worth about $1,830,000. Finally, Cigna Investments Inc. New lifted its position in shares of National Retail Properties by 8.6% in the fourth quarter. Cigna Investments Inc. New now owns 4,687 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 372 shares during the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

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About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2018, the company owned 2,969 properties in 48 states with a gross leasable area of approximately 30.5 million square feet and with a weighted average remaining lease term of 11.5 years.

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