BB&T Investment Services Inc. Raises Position in National Retail Properties (NNN)

BB&T Investment Services Inc. increased its stake in National Retail Properties (NYSE:NNN) by 49.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,026 shares of the real estate investment trust’s stock after purchasing an additional 2,651 shares during the quarter. BB&T Investment Services Inc.’s holdings in National Retail Properties were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in shares of National Retail Properties by 25.6% during the 2nd quarter. Bank of Montreal Can now owns 45,610 shares of the real estate investment trust’s stock worth $1,783,000 after acquiring an additional 9,301 shares during the last quarter. Shell Asset Management Co. boosted its stake in shares of National Retail Properties by 4.5% during the 2nd quarter. Shell Asset Management Co. now owns 16,290 shares of the real estate investment trust’s stock worth $637,000 after acquiring an additional 701 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of National Retail Properties by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 35,731 shares of the real estate investment trust’s stock worth $1,397,000 after acquiring an additional 144 shares during the last quarter. World Asset Management Inc boosted its stake in shares of National Retail Properties by 3.9% during the 2nd quarter. World Asset Management Inc now owns 11,644 shares of the real estate investment trust’s stock worth $455,000 after acquiring an additional 437 shares during the last quarter. Finally, Korea Investment CORP boosted its stake in shares of National Retail Properties by 907.6% during the 2nd quarter. Korea Investment CORP now owns 79,600 shares of the real estate investment trust’s stock worth $3,112,000 after acquiring an additional 71,700 shares during the last quarter. Institutional investors own 90.55% of the company’s stock.

Shares of National Retail Properties (NNN) traded down $0.41 during midday trading on Wednesday, reaching $41.54. 611,100 shares of the company’s stock were exchanged, compared to its average volume of 1,096,743. The company has a debt-to-equity ratio of 0.86, a quick ratio of 7.66 and a current ratio of 7.66. The company has a market cap of $6,378.64, a P/E ratio of 16.65, a P/E/G ratio of 3.44 and a beta of 0.39. National Retail Properties has a one year low of $36.45 and a one year high of $46.34.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $147.71 million for the quarter, compared to the consensus estimate of $146.57 million. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. National Retail Properties’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. equities analysts anticipate that National Retail Properties will post 2.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.475 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.90 dividend on an annualized basis and a yield of 4.57%. National Retail Properties’s dividend payout ratio is currently 135.72%.

NNN has been the topic of several analyst reports. FBR & Co reiterated a “buy” rating and set a $52.00 price target on shares of National Retail Properties in a research note on Thursday, September 7th. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and set a $46.00 price objective on shares of National Retail Properties in a research report on Friday, October 20th. Finally, B. Riley restated a “buy” rating on shares of National Retail Properties in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.71.

ILLEGAL ACTIVITY WARNING: “BB&T Investment Services Inc. Raises Position in National Retail Properties (NNN)” was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/06/bbt-investment-services-inc-raises-position-in-national-retail-properties-nnn.html.

National Retail Properties Profile

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

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 (NYSE:NNN).

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

What are top analysts saying about National Retail Properties? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for National Retail Properties and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit