Trust Investment Advisors Lowers stake in National Retail Properties (NNN)

National Retail Properties (NNN) : Trust Investment Advisors reduced its stake in National Retail Properties by 0.94% during the most recent quarter end. The investment management company now holds a total of 28,005 shares of National Retail Properties which is valued at $1,424,894 after selling 266 shares in National Retail Properties , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.National Retail Properties makes up approximately 1.59% of Trust Investment Advisors’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust added NNN to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $50,880. National Retail Properties makes up approx 0.01% of Finemark National Bank Trust’s portfolio. Jaffetilchin Investment Partners added NNN to its portfolio by purchasing 7,410 company shares during the most recent quarter which is valued at $379,837. National Retail Properties makes up approx 0.11% of Jaffetilchin Investment Partners’s portfolio.Cadence Capital Management reduced its stake in NNN by selling 1,991 shares or 22.8% in the most recent quarter. The Hedge Fund company now holds 6,740 shares of NNN which is valued at $352,704. National Retail Properties makes up approx 0.03% of Cadence Capital Management’s portfolio.Chicago Equity Partners boosted its stake in NNN in the latest quarter, The investment management firm added 13,880 additional shares and now holds a total of 70,160 shares of National Retail Properties which is valued at $3,729,706. National Retail Properties makes up approx 0.10% of Chicago Equity Partners’s portfolio.

National Retail Properties closed down -0.46 points or -0.90% at $50.8 with 6,67,707 shares getting traded on Monday. Post opening the session at $51.23, the shares hit an intraday low of $50.72 and an intraday high of $51.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, National Retail Properties reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $130.92 million for the quarter, compared to analysts expectations of $129.61 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on National Retail Properties. Company shares were Reiterated by DA Davidson on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $43 .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 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 Company’s 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.

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