The stock of National Retail Properties, Inc. (NYSE:NNN) is a huge mover today! The stock decreased 3.18% or $1.56 on October 5, hitting $47.42. National Retail Properties, Inc. (NYSE:NNN) has risen 10.34% since March 2, 2016 and is uptrending. It has outperformed by 2.08% the S&P500.
The move comes after 8 months negative chart setup for the $6.99 billion company. It was reported on Oct, 5 by Barchart.com. We have $43.15 PT which if reached, will make NYSE:NNN worth $629.10 million less.
Analysts await National Retail Properties, Inc. (NYSE:NNN) to report earnings on November, 1. They expect $0.59 EPS, up 1.72% or $0.01 from last year’s $0.58 per share. NNN’s profit will be $86.97M for 20.09 P/E if the $0.59 EPS becomes a reality. After $0.60 actual EPS reported by National Retail Properties, Inc. for the previous quarter, Wall Street now forecasts -1.67% negative EPS growth.
National Retail Properties, Inc. (NYSE:NNN) Ratings Coverage
Out of 10 analysts covering National Retail Properties (NYSE:NNN), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. National Retail Properties has been the topic of 13 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by Raymond James given on Thursday, January 7. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Hold” rating given on Friday, November 13 by BB&T Capital. Wells Fargo upgraded the shares of NNN in a report on Tuesday, December 15 to “Outperform” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 11 report. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The company was maintained on Friday, January 29 by Stifel Nicolaus. The stock has “Outperform” rating given by FBR Capital on Friday, February 12. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Buy” rating given on Wednesday, December 30 by Stifel Nicolaus. The firm earned “Sell” rating on Monday, September 26 by UBS. The company was initiated on Tuesday, October 27 by Wunderlich.
According to Zacks Investment Research, “National Retail Properties, a real estate investment trust, invests in single tenant net-leased retail properties throughout the United States. NNN maintains a conservatively managed, diversified real estate portfolio with properties subject to long-term, net leases with established tenants. Its 2,257 properties are located in 47 states with a total gross leasable area of approximately 25.0 million square feet. Current occupancy is 99.1% and these properties are leased to more than 400 tenants in 38 industry classifications.”
Insitutional Activity: The institutional sentiment increased to 1.82 in 2016 Q2. Its up 0.52, from 1.3 in 2016Q1. The ratio is positive, as 26 funds sold all National Retail Properties, Inc. shares owned while 74 reduced positions. 48 funds bought stakes while 134 increased positions. They now own 137.10 million shares or 3.45% more from 132.53 million shares in 2016Q1.
Commonwealth Equity Services, a Massachusetts-based fund reported 132,945 shares. Moreover, Sumitomo Mitsui Asset Mgmt Limited has 0.57% invested in National Retail Properties, Inc. (NYSE:NNN) for 364,314 shares. Hancock Holding Communication accumulated 4,720 shares or 0.01% of the stock. Fincl Professionals has 233 shares for 0.01% of their US portfolio. Amica Pension Fund Board Of Trustees holds 0.06% or 8,537 shares in its portfolio. Ontario Teachers Pension Plan Board accumulated 0.01% or 12,568 shares. Loomis Sayles L P last reported 288,328 shares in the company. California Pub Employees Retirement Systems last reported 311,702 shares in the company. Menta Cap Limited Liability has invested 0.21% of its portfolio in National Retail Properties, Inc. (NYSE:NNN). First Retail Bank Of Mount Dora Inv Ser last reported 0.19% of its portfolio in the stock. Vantage Inv Ltd Liability holds 0.01% or 599 shares in its portfolio. Ruggie Gp holds 375 shares or 0.02% of its portfolio. Pacad accumulated 3,000 shares or 0.02% of the stock. Green Street Ltd Company has invested 5.24% of its portfolio in National Retail Properties, Inc. (NYSE:NNN). Ubs Oconnor Ltd Liability Corp accumulated 0% or 9,460 shares.
Insider Transactions: Since May 5, 2016, the stock had 0 insider purchases, and 8 insider sales for $3.70 million net activity. $119,538 worth of National Retail Properties, Inc. (NYSE:NNN) was sold by Miller Michelle Lynn. The insider Bayer Paul Eugene sold $511,030. Shares for $696,729 were sold by MACNAB CRAIG on Thursday, May 5. 1,500 shares with value of $70,424 were sold by LANIER TED B on Friday, May 6. Tessitore Christopher Paul sold $359,310 worth of stock. On Monday, May 16 HABICHT KEVIN B sold $1.07 million worth of the stock or 22,886 shares.
More notable recent National Retail Properties, Inc. (NYSE:NNN) news were published by: Prnewswire.com which released: “National Retail Properties, Inc. Prices Depositary Shares Representing Series …” on October 04, 2016, also Businesswire.com with their article: “Fitch Rates National Retail Properties’ Series F Preferred Stock” published on October 04, 2016, Marketwatch.com published: “National Retail Properties CEO Craig Macnab to retire” on September 29, 2016. More interesting news about National Retail Properties, Inc. (NYSE:NNN) were released by: Prnewswire.com and their article: “Craig Macnab To Retire As CEO Of National Retail Properties, Inc.; Julian E …” published on September 29, 2016 as well as Prnewswire.com‘s news article titled: “National Retail Properties, Inc. Declares Dividends For Its 6.625% Series D …” with publication date: August 15, 2016.
NNN Company Profile
National Retail Properties, Inc., incorporated on May 12, 1994, is a real estate investment trust (REIT). The Firm acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are held for investment. The Firm owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.
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