National Retail Properties, Inc. (NYSE:NNN) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its stake in shares of National Retail Properties, Inc. (NYSE:NNNGet Rating) by 16.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,414 shares of the real estate investment trust’s stock after selling 1,465 shares during the quarter. US Bancorp DE’s holdings in National Retail Properties were worth $296,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in National Retail Properties by 13.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 105,107 shares of the real estate investment trust’s stock worth $4,189,000 after buying an additional 12,180 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of National Retail Properties in the second quarter worth approximately $18,467,000. Essex Financial Services Inc. purchased a new stake in shares of National Retail Properties during the second quarter worth approximately $296,000. Moors & Cabot Inc. increased its position in shares of National Retail Properties by 6.1% during the second quarter. Moors & Cabot Inc. now owns 11,383 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 650 shares in the last quarter. Finally, Dupont Capital Management Corp raised its stake in National Retail Properties by 135.4% in the 2nd quarter. Dupont Capital Management Corp now owns 51,757 shares of the real estate investment trust’s stock valued at $2,226,000 after purchasing an additional 29,771 shares during the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NNN shares. Raymond James cut shares of National Retail Properties from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $50.00 in a research note on Monday, January 9th. StockNews.com upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating in a report on Wednesday, January 18th. Jefferies Financial Group raised shares of National Retail Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $42.00 to $52.00 in a research note on Monday, January 2nd. B. Riley dropped their price target on National Retail Properties from $54.00 to $49.00 in a research report on Thursday, November 3rd. Finally, Morgan Stanley lifted their price objective on National Retail Properties from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, National Retail Properties has an average rating of “Moderate Buy” and an average price target of $48.89.

National Retail Properties Stock Up 0.1 %

Shares of NYSE NNN opened at $47.16 on Wednesday. The company has a market capitalization of $8.43 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50 day simple moving average of $46.17 and a 200-day simple moving average of $44.64. National Retail Properties, Inc. has a 1 year low of $38.05 and a 1 year high of $48.76.

National Retail Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, January 30th. This represents a $2.20 annualized dividend and a yield of 4.66%. National Retail Properties’s dividend payout ratio (DPR) is 125.71%.

About National Retail Properties

(Get Rating)

National Retail Properties, Inc is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984, and is headquartered in Orlando, FL.

Further Reading

Want to see what other hedge funds are holding NNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Retail Properties, Inc. (NYSE:NNNGet Rating).

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

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.