Nisa Investment Advisors LLC Acquires 23,840 Shares of National Retail Properties, Inc. (NNN)

Nisa Investment Advisors LLC grew its holdings in shares of National Retail Properties, Inc. (NYSE:NNN) by 23.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,840 shares of the real estate investment trust’s stock after buying an additional 23,840 shares during the quarter. Nisa Investment Advisors LLC owned 0.08% of National Retail Properties worth $6,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NNN. Oregon Public Employees Retirement Fund raised its position in shares of National Retail Properties by 5,766.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,965,502 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 6,846,768 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of National Retail Properties during the 4th quarter valued at about $65,489,000. Norges Bank purchased a new stake in shares of National Retail Properties during the 4th quarter valued at about $61,092,000. BlackRock Inc. raised its position in National Retail Properties by 5.4% in the 4th quarter. BlackRock Inc. now owns 22,881,640 shares of the real estate investment trust’s stock worth $1,109,987,000 after purchasing an additional 1,181,727 shares during the period. Finally, Barings LLC raised its position in National Retail Properties by 220.8% in the 4th quarter. Barings LLC now owns 947,029 shares of the real estate investment trust’s stock worth $45,940,000 after purchasing an additional 651,830 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

NNN has been the topic of a number of recent analyst reports. Raymond James raised shares of National Retail Properties from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. LADENBURG THALM/SH SH lowered shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research report on Monday, February 11th. B. Riley lowered shares of National Retail Properties from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $50.00 to $55.00 in a research report on Wednesday, February 13th. Finally, Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. Two 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 company currently has an average rating of “Hold” and a consensus price target of $50.33.

In other news, EVP Michelle Lynn Miller sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $54.18, for a total transaction of $65,016.00. Following the transaction, the executive vice president now directly owns 35,654 shares of the company’s stock, valued at $1,931,733.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Eugene Bayer sold 12,745 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $52.00, for a total transaction of $662,740.00. Following the transaction, the insider now directly owns 139,815 shares in the company, valued at $7,270,380. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,374 shares of company stock worth $5,117,732. Corporate insiders own 0.70% of the company’s stock.

National Retail Properties stock opened at $51.54 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 7.35 and a current ratio of 7.35. National Retail Properties, Inc. has a 1-year low of $36.95 and a 1-year high of $55.87. The stock has a market capitalization of $8.32 billion, a P/E ratio of 19.30, a PEG ratio of 4.26 and a beta of 0.27.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.46). National Retail Properties had a return on equity of 8.63% and a net margin of 46.97%. The firm had revenue of $158.83 million during the quarter, compared to analysts’ expectations of $157.82 million. Sell-side analysts expect that National Retail Properties, Inc. will post 2.74 EPS for the current fiscal year.

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

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National Retail Properties Company Profile

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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Institutional Ownership by Quarter for National Retail Properties (NYSE:NNN)

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