National Retail Properties (NNN) Receives Daily News Impact Score of 0.07

Cornelia Mascio
Декабря 6, 2017

The institutional investor owned 272,056 shares of the real estate investment trust's stock after selling 136,407 shares during the quarter. National Retail Properties earned a coverage optimism score of 0.07 on Accern's scale.

A number of other large investors have also recently modified their holdings of NNN. State Street Corp boosted its position in National Retail Properties by 1.5% during the second quarter. AEW Capital Management L P raised its stake in Retail Properties of America by 17.1% in the first quarter. State Street Corp now owns 12,427,839 shares of the real estate investment trust's stock valued at $485,929,000 after acquiring an additional 184,603 shares during the last quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 1,632 shares during the last quarter. Victory Capital Management Inc. now owns 4,025,462 shares of the real estate investment trust's stock worth $167,700,000 after purchasing an additional 114,800 shares during the period. Institutional investors and hedge funds own 90.55% of the company's stock.

Shares of National Retail Properties (NYSE NNN) traded up $0.18 during trading on Tuesday, hitting $41.95. 961,600 shares of the stock were exchanged, compared to its average volume of 1,098,827. The company has a market capitalization of $6,351.27, a PE ratio of 16.58, a PEG ratio of 3.43 and a beta of 0.39. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. Retail Properties of America Inc has a 52-week low of $11.61 and a 52-week high of $15.81.

Zacks Investment Research raised shares of Retail Properties of America from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Thursday, March 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.01. The company had revenue of $147.71 million during the quarter, compared to analysts' expectations of $146.57 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The firm's revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. equities analysts anticipate that National Retail Properties will post 2.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.475 per share. This represents a $0.66 annualized dividend and a yield of 5.10%. The ex-dividend date was Monday, October 30th. National Retail Properties's payout ratio is presently 135.72%. The shares were sold at an average price of $13.59, for a total value of $65,096.10. Following the transaction, the director now directly owns 39,392 shares in the company, valued at $505,005.44. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

A number of research firms recently issued reports on NNN. Finally, Jefferies Group LLC set a $16.00 price objective on shares of Retail Properties of America and gave the company a "hold" rating in a research note on Saturday, March 25th. Zacks Investment Research cut shares of National Retail Properties from a "buy" rating to a "hold" rating in a research report on Wednesday, November 8th. Finally, Robert W. Baird reissued a "buy" rating and issued a $46.00 target price on shares of National Retail Properties in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. The stock now has a consensus rating of "Hold" and an average price target of $17.42.

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Retail Properties of America, Inc is a real estate investment trust (REIT). 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. Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.

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