The stock of National Retail Properties, Inc. (NYSE:NNN) is a huge mover today! About 337,478 shares traded hands. National Retail Properties, Inc. (NYSE:NNN) has declined 11.78% since April 11, 2016 and is downtrending. It has underperformed by 17.93% the S&P500.
The move comes after 6 months positive chart setup for the $6.00 billion company. It was reported on Nov, 11 by Barchart.com. We have $56.88 PT which if reached, will make NYSE:NNN worth $2.10 billion more.
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 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Friday, January 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of National Retail Properties, Inc. (NYSE:NNN) earned “Equal-Weight” rating by Morgan Stanley on Monday, May 16. The rating was maintained by Wunderlich with “Hold” on Friday, November 4. Wunderlich initiated the shares of NNN in a report on Tuesday, October 27 with “Hold” rating. The stock of National Retail Properties, Inc. (NYSE:NNN) earned “Outperform” rating by FBR Capital on Friday, February 12. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Neutral” rating given on Thursday, July 23 by DA Davidson. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, December 30 report. FBR Capital initiated it with “Outperform” rating and $56 target price in Wednesday, October 12 report. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, July 23. As per Monday, July 11, the company rating was maintained by Stifel Nicolaus.
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 increased, 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.
Amica Retiree Medical Tru owns 1,313 shares or 0.06% of their US portfolio. Comml Bank Of New York Mellon owns 3.93 million shares or 0.06% of their US portfolio. Tower Ltd Company (Trc) has invested 0.01% of its portfolio in National Retail Properties, Inc. (NYSE:NNN). Rothschild Asset Mgmt reported 344,716 shares or 0.32% of all its holdings. Creative Planning accumulated 0.01% or 14,289 shares. Wells Fargo And Company Mn has 0.03% invested in the company for 1.40M shares. Bnp Paribas Prtnrs Sa last reported 0.16% of its portfolio in the stock. D E Shaw & Incorporated accumulated 0.02% or 209,706 shares. The New York-based Visium Asset Management Limited Partnership has invested 0.07% in National Retail Properties, Inc. (NYSE:NNN). Apg Asset Mgmt Us holds 0.63% of its portfolio in National Retail Properties, Inc. (NYSE:NNN) for 1.55 million shares. Fmr Ltd holds 0.02% or 2.82 million shares in its portfolio. Gilman Hill Asset Limited Liability Corporation has 115,065 shares for 2.44% of their US portfolio. Ww Asset Management Inc last reported 10,667 shares in the company. Churchill Management holds 1.16% or 343,756 shares in its portfolio. Schwab Charles Inv Mngmt has 397,580 shares for 0.03% of their US portfolio.
Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 6 selling transactions for $2.93 million net activity. Another trade for 7,000 shares valued at $359,310 was made by Tessitore Christopher Paul on Friday, August 12. HABICHT KEVIN B also sold $819,420 worth of National Retail Properties, Inc. (NYSE:NNN) on Tuesday, May 31. Shares for $511,030 were sold by Bayer Paul Eugene. Miller Michelle Lynn had sold 2,500 shares worth $119,538 on Thursday, June 9.
More notable recent National Retail Properties, Inc. (NYSE:NNN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Central Fund of Canada, National Retail Properties and …” on October 25, 2016, also Forbes.com with their article: “National Retail Properties Enters Oversold Territory” published on October 06, 2016, Prnewswire.com published: “National Retail Properties, Inc. Closes Offering Of Depositary Shares …” on October 11, 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. Prices Depositary Shares Representing Series …” with publication date: October 04, 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.