Cambridge Investment Research Advisors Inc. lessened its stake in The Necessity Retail REIT, Inc. (NASDAQ:RTL – Free Report) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 342,622 shares of the company’s stock after selling 38,907 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.26% of Necessity Retail REIT worth $2,316,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brookstone Capital Management boosted its holdings in Necessity Retail REIT by 4.4% in the second quarter. Brookstone Capital Management now owns 34,551 shares of the company’s stock worth $243,000 after purchasing an additional 1,457 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Necessity Retail REIT by 12.7% during the first quarter. Avantax Advisory Services Inc. now owns 17,056 shares of the company’s stock valued at $107,000 after acquiring an additional 1,924 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Necessity Retail REIT by 3.3% during the first quarter. SG Americas Securities LLC now owns 59,929 shares of the company’s stock valued at $376,000 after acquiring an additional 1,937 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Necessity Retail REIT by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 69,207 shares of the company’s stock valued at $433,000 after acquiring an additional 1,982 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Necessity Retail REIT by 83.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,756 shares of the company’s stock valued at $29,000 after acquiring an additional 2,161 shares during the period. Institutional investors own 59.15% of the company’s stock.
Necessity Retail REIT Stock Performance
Shares of RTL opened at $7.61 on Friday. The Necessity Retail REIT, Inc. has a 1 year low of $4.45 and a 1 year high of $7.66. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -6.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a fifty day moving average of $7.31 and a 200-day moving average of $6.57.
Necessity Retail REIT Increases Dividend
About Necessity Retail REIT
The Necessity Retail REIT (Nasdaq: RTL) is the preeminent publicly traded real estate investment trust (REIT) focused on "Where America Shops". RTL acquires and manages a diversified portfolio of primarily necessity-based retail single-tenant and open-air shopping center properties in the U.S.
Recommended Stories
- Five stocks we like better than Necessity Retail REIT
- How to Invest in Apparel Stocks
- CarMax Slides On Earnings Disappointment, Time To Celebrate?
- How to Calculate Return on Investment (ROI)
- The Next Stage Of Google’s Rally Just Started
- Investing in Blue-Chip Stocks
- Can Investors Win the Race with Dividend Achiever Nike?
Receive News & Ratings for Necessity Retail REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Necessity Retail REIT and related companies with MarketBeat.com's FREE daily email newsletter.
