Jupiter Asset Management Ltd. Makes New Investment in National Retail Properties, Inc. (NYSE:NNN)

Jupiter Asset Management Ltd. purchased a new position in National Retail Properties, Inc. (NYSE:NNN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,204 shares of the real estate investment trust’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of National Retail Properties by 46.5% during the 1st quarter. Fifth Third Bancorp now owns 762 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 242 shares during the period. Cowen Prime Advisors LLC bought a new position in shares of National Retail Properties during the 2nd quarter worth about $47,000. WealthShield Partners LLC lifted its holdings in shares of National Retail Properties by 502.2% during the 2nd quarter. WealthShield Partners LLC now owns 1,373 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 1,145 shares during the period. Signaturefd LLC lifted its holdings in shares of National Retail Properties by 16.4% during the 1st quarter. Signaturefd LLC now owns 2,313 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 326 shares during the period. Finally, Belpointe Asset Management LLC bought a new position in shares of National Retail Properties during the 2nd quarter worth about $135,000. Institutional investors own 87.90% of the company’s stock.

Several equities analysts recently issued reports on NNN shares. Colliers Securities started coverage on shares of National Retail Properties in a report on Wednesday, May 19th. They set a “neutral” rating and a $49.00 price target for the company. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Friday, September 10th. Morgan Stanley lifted their price target on shares of National Retail Properties from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, September 7th. Finally, Wells Fargo & Company lifted their price target on shares of National Retail Properties from $44.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, July 1st. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $51.29.

Shares of NYSE:NNN opened at $45.65 on Wednesday. National Retail Properties, Inc. has a one year low of $31.41 and a one year high of $50.33. The company has a 50 day moving average of $47.66 and a 200-day moving average of $46.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 13.34 and a quick ratio of 13.34. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 4.33 and a beta of 0.83.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Tuesday, August 3rd. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.33). National Retail Properties had a return on equity of 6.26% and a net margin of 36.28%. The business had revenue of $179.01 million for the quarter, compared to analyst estimates of $177.00 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that National Retail Properties, Inc. will post 2.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 30th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $2.12 dividend on an annualized basis and a yield of 4.64%. This is a boost from National Retail Properties’s previous quarterly dividend of $0.52. National Retail Properties’s payout ratio is currently 84.46%.

About National Retail Properties

National Retail Properties, Inc is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984 and is headquartered in Orlando, FL.

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

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