Fisher Asset Management LLC purchased a new stake in National Retail Properties, Inc. (NYSE:NNN – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 180,472 shares of the real estate investment trust’s stock, valued at approximately $8,258,000. Fisher Asset Management LLC owned approximately 0.10% of National Retail Properties at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC increased its holdings in shares of National Retail Properties by 7.2% in the fourth quarter. Signaturefd LLC now owns 3,318 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 223 shares in the last quarter. Romano Brothers AND Company increased its holdings in shares of National Retail Properties by 2.7% in the fourth quarter. Romano Brothers AND Company now owns 9,475 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 250 shares in the last quarter. Securian Asset Management Inc. grew its holdings in National Retail Properties by 1.6% during the 4th quarter. Securian Asset Management Inc. now owns 16,424 shares of the real estate investment trust’s stock worth $752,000 after acquiring an additional 252 shares during the period. Daiwa Securities Group Inc. grew its holdings in National Retail Properties by 0.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 51,781 shares of the real estate investment trust’s stock worth $2,064,000 after acquiring an additional 281 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in National Retail Properties by 0.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 49,783 shares of the real estate investment trust’s stock worth $1,984,000 after acquiring an additional 294 shares during the period. Institutional investors and hedge funds own 87.64% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on NNN shares. Jefferies Financial Group raised shares of National Retail Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $52.00 in a report on Monday, January 2nd. Raymond James lowered their target price on shares of National Retail Properties from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. StockNews.com started coverage on shares of National Retail Properties in a report on Thursday, March 16th. They set a “hold” rating for the company. B. Riley reaffirmed a “buy” rating on shares of National Retail Properties in a report on Monday, February 13th. Finally, Citigroup lifted their target price on shares of National Retail Properties from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, National Retail Properties currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.
National Retail Properties Trading Up 0.5 %
National Retail Properties (NYSE:NNN – Get Rating) last posted its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.29). The company had revenue of $198.50 million during the quarter, compared to the consensus estimate of $196.58 million. National Retail Properties had a net margin of 43.29% and a return on equity of 8.40%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. As a group, research analysts anticipate that National Retail Properties, Inc. will post 3.18 EPS for the current fiscal year.
National Retail Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $2.20 annualized dividend and a yield of 5.11%. National Retail Properties’s dividend payout ratio is currently 117.02%.
About National Retail Properties
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.
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