Shelton Capital Management Has $430,000 Stake in National Retail Properties (NNN)

Shelton Capital Management continued to hold its stake in National Retail Properties (NYSE:NNN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,988 shares of the real estate investment trust’s stock at the close of the second quarter. Shelton Capital Management’s holdings in National Retail Properties were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in National Retail Properties by 278.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 1,694 shares in the last quarter. IHT Wealth Management LLC boosted its stake in National Retail Properties by 1.0% during the 1st quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 28 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in National Retail Properties by 82.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 1,632 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in National Retail Properties by 8.3% during the 1st quarter. Meridian Wealth Management LLC now owns 5,950 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 455 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in National Retail Properties during the 1st quarter valued at $266,000. 89.37% of the stock is owned by hedge funds and other institutional investors.

National Retail Properties (NNN) opened at 41.90 on Wednesday. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 31.48 and a beta of 0.37. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $48.03. The firm’s 50-day moving average price is $41.98 and its 200-day moving average price is $40.81.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The company had revenue of $145.55 million during the quarter, compared to the consensus estimate of $142.83 million. During the same quarter last year, the firm earned $0.60 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities analysts expect that National Retail Properties will post $1.45 earnings per share for the current year.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 10,000 shares of National Retail Properties stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $41.11, for a total transaction of $411,100.00. Following the completion of the sale, the executive vice president now owns 90,462 shares of the company’s stock, valued at approximately $3,718,892.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Julian E. Whitehurst sold 17,413 shares of National Retail Properties stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $41.46, for a total transaction of $721,942.98. Following the sale, the insider now directly owns 294,826 shares of the company’s stock, valued at approximately $12,223,485.96. The disclosure for this sale can be found here. Insiders have sold a total of 52,912 shares of company stock valued at $2,164,138 in the last ninety days. Company insiders own 1.03% of the company’s stock.

NNN has been the subject of a number of research reports. FBR & Co reaffirmed a “buy” rating and set a $52.00 price target on shares of National Retail Properties in a research note on Thursday, September 7th. Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Monday, September 11th. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, August 2nd. Finally, BidaskClub raised National Retail Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $48.00.

TRADEMARK VIOLATION WARNING: This piece was reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://transcriptdaily.com/2017/10/11/shelton-capital-management-has-430000-stake-in-national-retail-properties-nnn.html.

National Retail Properties Profile

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 primarily held for investment. 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.

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

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply