Macquarie Group Ltd. Sells 159,307 Shares of National Retail Properties, Inc. (NYSE:NNN)

Macquarie Group Ltd. lessened its position in National Retail Properties, Inc. (NYSE:NNN – Get Rating) by 75.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,838 shares of the real estate investment trust’s stock after selling 159,307 shares during the period. Macquarie Group Ltd.’s holdings in National Retail Properties were worth $2,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of National Retail Properties by 1.4% in the third quarter. Royal Bank of Canada now owns 4,991,718 shares of the real estate investment trust’s stock worth $198,970,000 after buying an additional 69,565 shares in the last quarter. Tudor Investment Corp Et Al bought a new position in shares of National Retail Properties in the third quarter worth approximately $487,000. Guggenheim Capital LLC lifted its stake in shares of National Retail Properties by 2.5% in the third quarter. Guggenheim Capital LLC now owns 100,217 shares of the real estate investment trust’s stock worth $3,995,000 after buying an additional 2,437 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of National Retail Properties by 90.5% in the third quarter. Renaissance Technologies LLC now owns 592,500 shares of the real estate investment trust’s stock worth $23,617,000 after buying an additional 281,400 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in National Retail Properties by 183.5% during the third quarter. Lazard Asset Management LLC now owns 1,834 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 1,187 shares during the period. Institutional investors own 87.64% of the company’s stock.

National Retail Properties Stock Down 1.0 %

Shares of NNN stock opened at $44.53 on Friday. National Retail Properties, Inc. has a 12 month low of $38.05 and a 12 month high of $48.76. The stock has a market cap of $8.08 billion, a P/E ratio of 23.69, a P/E/G ratio of 6.64 and a beta of 0.90. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.95. The company has a 50 day simple moving average of $46.53 and a two-hundred day simple moving average of $44.66.

National Retail Properties (NYSE:NNN – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.29). The firm had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $196.58 million. National Retail Properties had a return on equity of 8.40% and a net margin of 43.29%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. On average, research analysts expect that National Retail Properties, Inc. will post 3.2 earnings per share for the current year.

National Retail Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, January 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.94%. National Retail Properties’s dividend payout ratio (DPR) is presently 117.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Raymond James downgraded shares of National Retail Properties from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $50.00 in a research report on Monday, January 9th. B. Riley restated a “buy” rating on shares of National Retail Properties in a research report on Monday, February 13th. Jefferies Financial Group upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $42.00 to $52.00 in a research report on Monday, January 2nd. Oppenheimer increased their price objective on shares of National Retail Properties from $49.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Finally, StockNews.com downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Saturday, February 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, National Retail Properties has a consensus rating of “Moderate Buy” and a consensus target price of $49.67.

National Retail Properties Company Profile

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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.