National Retail Properties (NYSE:NNN) Stock Upgrade
The previous rating of a “Market Perform” for National Retail Properties (NYSE:NNN) has been discontinued as Wells Fargo increased NNN’s current rating to a respectable “Outperform”.
From a total of 14 analysts covering National Retail Properties (NYSE:NNN) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 10 a ”Hold”. This means that 35% of the ratings are positive. The highest target price is $46 while the lowest target price is $35. The mean of all analyst targets is $40.75 with a 5.22% above today’s ($38.49) stock price. National Retail Properties was the topic of 4 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. BB&T Capital initiated shares on November 13 with “Hold” rating. DA Davidson initiated NNN stock in a recent report from July 23 with “Neutral” rating.
Approximately 538,340 shares of stock traded hands. National Retail Properties, Inc. (NYSE:NNN) has declined 1.39% since May 12, 2015 and is downtrending. It has outperformed by 2.29% the S&P500.
The overall sentiment of institutions has decreased to 1.09 in Q2 2015. Its down 0.37, from 1.46 in 2015Q2. The ratio is negative, as 37 institutions have sold all the shares of National Retail Properties, Inc. that they owned while 96 funds have taken shares off the table. 33 funds have purchased shares for the first time while 112 added to their positions. These institutions now hold 101.34 million shares or 15.32% less than the 119.68 million shares they owned in 2015Q2.
The Fund Boulegeris Investments Inc. currently is holding shares equating to 4.87% of its total portfolio in National Retail Properties, Inc. representing a total of 175,565 shares. Another fund,Randolph Co Inc, is holding a total of 449,608 shares equating to 3.9% of their holdings. Additionally, Green Street Investors Llc has a 83,700 share stake in National Retail Properties, Inc. which represents 3.22% of their total portfolio. The Fund, Gilman Hill Asset Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 2.27% of their total portfolio. Finally Eii Capital Management Inc., a fund which is based in the state of New York reported a total holdings of 378,200 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 13, 2015, shareholders of National Retail Properties, Inc. have witnessed 0 insider buys, and a total of 1 insider sale equating to a net activity of approximately $925,798 . Whitehurst Julian E sold 25,216 shares worth approximately $925,798. Horn Stephen A Jr sold 3,200 shares worth approximately $120,640. Habicht Kevin B sold 21,633 shares worth approximately $908,305. Tessitore Christopher Paul sold 5,000 shares worth approximately $213,300. The company insider Bayer Paul Eugene sold 5,000 shares worth $201,900.
National Retail Properties, Inc. is a real estate investment trust . The company has a market cap of $5.14 billion. 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. It has 31.65 P/E ratio. As of December 31, 2014, the Company owned 2,054 Properties with a gross leasable area of approximately 22,479,000 square feet, located in 47 states.
According to Zacks Investment Research, “National Retail Properties, Inc. a real estate investment trust, invests in high-quality, single-tenant retail properties generally subject to long-term, net leases with established tenants, such as Barnes & Noble, Best Buy, CVS, OfficeMax, and the United States of America.”