WINTON GROUP Ltd Has $553,000 Holdings in National Retail Properties, Inc. (NYSE:NNN)

WINTON GROUP Ltd reduced its position in National Retail Properties, Inc. (NYSE:NNNGet Rating) by 19.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,860 shares of the real estate investment trust’s stock after selling 3,169 shares during the period. WINTON GROUP Ltd’s holdings in National Retail Properties were worth $553,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in National Retail Properties by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 26,142,210 shares of the real estate investment trust’s stock worth $1,174,831,000 after purchasing an additional 305,161 shares during the last quarter. State Street Corp increased its position in National Retail Properties by 8.8% in the 1st quarter. State Street Corp now owns 19,941,222 shares of the real estate investment trust’s stock worth $896,159,000 after purchasing an additional 1,610,795 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of National Retail Properties by 11.7% during the 1st quarter. Victory Capital Management Inc. now owns 7,940,792 shares of the real estate investment trust’s stock worth $356,634,000 after acquiring an additional 831,002 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of National Retail Properties by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 5,100,316 shares of the real estate investment trust’s stock worth $229,209,000 after acquiring an additional 34,496 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of National Retail Properties by 29.0% during the 1st quarter. Federated Hermes Inc. now owns 2,556,747 shares of the real estate investment trust’s stock worth $114,900,000 after acquiring an additional 574,203 shares in the last quarter. 89.44% of the stock is owned by institutional investors and hedge funds.

National Retail Properties Stock Performance

Shares of National Retail Properties stock opened at $45.52 on Friday. The company has a market capitalization of $8.14 billion, a PE ratio of 26.01, a PEG ratio of 3.69 and a beta of 0.87. National Retail Properties, Inc. has a 12 month low of $38.05 and a 12 month high of $48.90. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $41.87 and its 200 day simple moving average is $43.61.

National Retail Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Friday, October 28th. National Retail Properties’s dividend payout ratio is currently 125.71%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NNN. Morgan Stanley upped their price target on National Retail Properties from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 2nd. B. Riley decreased their price target on National Retail Properties from $54.00 to $49.00 in a research note on Thursday, November 3rd. Citigroup upped their price target on National Retail Properties to $47.00 in a research note on Monday, August 15th. StockNews.com downgraded National Retail Properties from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Oppenheimer began coverage on National Retail Properties in a research note on Wednesday, October 19th. They set an “outperform” rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.30.

National Retail Properties Company Profile

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National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.

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

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