Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in National Retail Properties, Inc. (NYSE:NNN)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in National Retail Properties, Inc. (NYSE:NNNGet Rating) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 45,152 shares of the real estate investment trust’s stock, valued at approximately $1,942,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in National Retail Properties in the 1st quarter worth $25,000. Meeder Asset Management Inc. grew its position in National Retail Properties by 97.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 627 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 309 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in National Retail Properties in the 1st quarter worth $30,000. FNY Investment Advisers LLC grew its position in National Retail Properties by 684.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,051 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 917 shares during the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in shares of National Retail Properties during the 1st quarter valued at about $52,000. 89.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NNN shares. Morgan Stanley lifted their target price on shares of National Retail Properties from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 2nd. StockNews.com lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Citigroup lifted their target price on shares of National Retail Properties to $47.00 in a research report on Monday, August 15th. Raymond James decreased their target price on shares of National Retail Properties from $52.00 to $48.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, October 4th. Finally, Oppenheimer assumed coverage on shares of National Retail Properties in a research report on Wednesday, October 19th. They set an “outperform” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, National Retail Properties currently has an average rating of “Hold” and an average target price of $48.30.

National Retail Properties Trading Down 1.2 %

Shares of NNN stock opened at $45.71 on Thursday. National Retail Properties, Inc. has a 12-month low of $38.05 and a 12-month high of $48.90. The company has a market capitalization of $8.17 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.77 and a beta of 0.87. The firm has a 50-day moving average price of $41.94 and a 200 day moving average price of $43.65. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.95.

National Retail Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Friday, October 28th. National Retail Properties’s dividend payout ratio is presently 125.71%.

About National Retail Properties

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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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