Standard Life Aberdeen plc Increases Stake in National Retail Properties, Inc. (NNN)

Standard Life Aberdeen plc grew its stake in shares of National Retail Properties, Inc. (NYSE:NNN) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 663,427 shares of the real estate investment trust’s stock after buying an additional 29,832 shares during the period. Standard Life Aberdeen plc owned 0.42% of National Retail Properties worth $29,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NNN. Victory Capital Management Inc. grew its stake in shares of National Retail Properties by 16.1% during the 3rd quarter. Victory Capital Management Inc. now owns 7,672,117 shares of the real estate investment trust’s stock valued at $343,864,000 after buying an additional 1,064,266 shares during the period. BlackRock Inc. grew its stake in shares of National Retail Properties by 4.0% during the 2nd quarter. BlackRock Inc. now owns 21,558,636 shares of the real estate investment trust’s stock valued at $947,718,000 after buying an additional 832,861 shares during the period. JPMorgan Chase & Co. grew its stake in shares of National Retail Properties by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,694,518 shares of the real estate investment trust’s stock valued at $210,409,000 after buying an additional 509,019 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of National Retail Properties during the 3rd quarter valued at $22,571,000. Finally, Russell Investments Group Ltd. grew its stake in shares of National Retail Properties by 366.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 433,746 shares of the real estate investment trust’s stock valued at $19,071,000 after buying an additional 340,740 shares during the period. 90.81% of the stock is owned by institutional investors.

In other National Retail Properties news, insider Christopher Paul Tessitore sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $45.99, for a total value of $459,900.00. Following the transaction, the insider now owns 108,686 shares in the company, valued at approximately $4,998,469.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Eugene Bayer sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $48.77, for a total transaction of $243,850.00. Following the completion of the transaction, the insider now owns 132,130 shares in the company, valued at approximately $6,443,980.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,109 shares of company stock valued at $1,251,836. 0.78% of the stock is owned by corporate insiders.

Shares of National Retail Properties stock opened at $50.01 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 18.01 and a quick ratio of 18.01. National Retail Properties, Inc. has a twelve month low of $36.25 and a twelve month high of $50.19. The firm has a market cap of $7.97 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 4.07 and a beta of 0.08.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.20). National Retail Properties had a return on equity of 9.91% and a net margin of 53.44%. The business had revenue of $155.33 million for the quarter, compared to analysts’ expectations of $156.04 million. During the same period last year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that National Retail Properties, Inc. will post 2.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.00%. National Retail Properties’s dividend payout ratio (DPR) is 78.74%.

Several analysts have recently issued reports on NNN shares. ValuEngine raised shares of National Retail Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. LADENBURG THALM/SH SH set a $48.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research note on Wednesday, September 26th. Stifel Nicolaus boosted their price objective on shares of National Retail Properties from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Wells Fargo & Co set a $50.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research note on Tuesday, September 4th. Finally, B. Riley boosted their price objective on shares of National Retail Properties from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. National Retail Properties has a consensus rating of “Hold” and an average target price of $48.00.

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About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of September 30, 2018, the company owned 2,847 properties in 48 states with a gross leasable area of approximately 29.7 million square feet and with a weighted average remaining lease term of 11.4 years.

See Also: Book Value Per Share – BVPS

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

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