National Retail Properties (NNN) : Hochman Cole Investment Advisors has sold out all of its stake in National Retail Properties during the most recent quarter, according to the disclosure filed by the company on Jul 18, 2016 with the SEC. The investment management company has sold out 38,776 shares of National Retail Properties which is valued at $1,990,372.
Other Hedge Funds, Including , Cribstone Capital Management added NNN to its portfolio by purchasing 518 company shares during the most recent quarter which is valued at $26,589. National Retail Properties makes up approx 0.02% of Cribstone Capital Management’s portfolio.Creative Planning reduced its stake in NNN by selling 162 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 14,289 shares of NNN which is valued at $744,028. National Retail Properties makes up approx 0.01% of Creative Planning’s portfolio.Churchill Management Corp boosted its stake in NNN in the latest quarter, The investment management firm added 34,577 additional shares and now holds a total of 343,756 shares of National Retail Properties which is valued at $17,799,686. National Retail Properties makes up approx 1.15% of Churchill Management Corp’s portfolio.Kistler-tiffany Companies boosted its stake in NNN in the latest quarter, The investment management firm added 214 additional shares and now holds a total of 671 shares of National Retail Properties which is valued at $34,744. National Retail Properties makes up approx 0.02% of Kistler-tiffany Companies’s portfolio.
National Retail Properties closed down -0.31 points or -0.60% at $51.33 with 10,01,164 shares getting traded on Wednesday. Post opening the session at $51.58, the shares hit an intraday low of $51.2399 and an intraday high of $51.64 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, National Retail Properties reported $0.58 EPS for the quarter, based on the information available during the earnings call on May 2, 2016. Analyst had a consensus estimate of $0.58. The company had revenue of $127.00 million for the quarter, compared to analysts expectations of $127.43 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on National Retail Properties. Company shares were Reiterated by Stifel on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .National Retail Properties was Downgraded by Morgan Stanley to ” Equal-Weight” on May 16, 2016.
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 held for investment. As of December 31 2014 the Company owned 2054 Properties with a gross leasable area of approximately 22479000 square feet located in 47 states. Approximately 99% of the properties were leased as of December 31 2014. The Companys portfolio include convenience stores restaurants automotive service restaurants-limited service theaters family entertainment centers automotive parts and banks among others. It has operations in Texas Florida North Carolina Illinois Georgia Indiana and California among others. As of December 31 2014 The Company owned 29 vacant un-leased Properties which accounted for approximately 1% of total Properties.