National Retail Properties (NNN) Downgraded by TheStreet

National Retail Properties (NYSE:NNN) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Wednesday.

NNN has been the topic of a number of other reports. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of National Retail Properties in a research report on Thursday, November 2nd. B. Riley set a $52.00 price target on National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, November 14th. UBS Group upgraded National Retail Properties from a “sell” rating to a “neutral” rating and upped their price target for the company from $36.00 to $42.00 in a research report on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and issued a $46.00 price target on shares of National Retail Properties in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $47.67.

Shares of National Retail Properties (NYSE NNN) traded up $0.48 during trading hours on Wednesday, reaching $37.00. The company’s stock had a trading volume of 41,158 shares, compared to its average volume of 964,895. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $46.34. The company has a market capitalization of $5,700.48, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.95 and a beta of 0.28. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86.

In other news, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $42.60, for a total transaction of $880,286.40. Following the sale, the chief financial officer now owns 125,722 shares in the company, valued at $5,355,757.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $43.03, for a total value of $32,272.50. Following the sale, the executive vice president now owns 20,517 shares in the company, valued at approximately $882,846.51. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of NNN. Independent Advisor Alliance bought a new position in shares of National Retail Properties during the third quarter worth about $204,000. ING Groep NV acquired a new stake in National Retail Properties during the 4th quarter worth approximately $205,000. BB&T Investment Services Inc. acquired a new stake in National Retail Properties during the 2nd quarter worth approximately $212,000. Timber Hill LLC acquired a new stake in National Retail Properties during the 3rd quarter worth approximately $212,000. Finally, Lourd Capital LLC acquired a new stake in National Retail Properties during the 4th quarter worth approximately $217,000. 90.10% of the stock is currently owned by institutional investors and hedge funds.

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About National Retail Properties

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.

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