National Retail Properties, Inc. (NNN) Insider Christopher Paul Tessitore Sells 20,000 Shares

National Retail Properties, Inc. (NYSE:NNN) insider Christopher Paul Tessitore sold 20,000 shares of the company’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $44.39, for a total transaction of $887,800.00. Following the transaction, the insider now owns 132,401 shares in the company, valued at approximately $5,877,280.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of National Retail Properties, Inc. (NYSE:NNN) opened at 44.14 on Monday. National Retail Properties, Inc. has a one year low of $39.86 and a one year high of $53.60. The firm’s 50-day moving average price is $44.10 and its 200 day moving average price is $45.04. The company has a market capitalization of $6.50 billion, a PE ratio of 31.99 and a beta of 0.39.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.06. National Retail Properties had a return on equity of 8.13% and a net margin of 44.88%. The company earned $141.20 million during the quarter, compared to the consensus estimate of $137.23 million. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that National Retail Properties, Inc. will post $1.37 earnings per share for the current year.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

TRADEMARK VIOLATION WARNING: “National Retail Properties, Inc. (NNN) Insider Christopher Paul Tessitore Sells 20,000 Shares” was reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://baseballnewssource.com/markets/christopher-paul-tessitore-sells-20000-shares-of-national-retail-properties-inc-nnn-stock-updated/518000.html.

Several institutional investors have recently modified their holdings of NNN. BlackRock Group LTD boosted its position in shares of National Retail Properties by 5.4% in the third quarter. BlackRock Group LTD now owns 996,325 shares of the real estate investment trust’s stock valued at $50,663,000 after buying an additional 51,161 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of National Retail Properties by 0.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 116,195 shares of the real estate investment trust’s stock valued at $5,909,000 after buying an additional 390 shares in the last quarter. Emerald Acquisition Ltd. boosted its position in shares of National Retail Properties by 20.6% in the third quarter. Emerald Acquisition Ltd. now owns 477,095 shares of the real estate investment trust’s stock valued at $24,265,000 after buying an additional 81,352 shares in the last quarter. First Trust Advisors LP boosted its position in shares of National Retail Properties by 19.4% in the third quarter. First Trust Advisors LP now owns 125,784 shares of the real estate investment trust’s stock valued at $6,396,000 after buying an additional 20,404 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of National Retail Properties by 6.3% in the third quarter. BlackRock Fund Advisors now owns 6,172,383 shares of the real estate investment trust’s stock valued at $313,866,000 after buying an additional 366,377 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

NNN has been the topic of several research reports. Zacks Investment Research upgraded shares of National Retail Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 21st. Bank of America Corp upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, January 31st. Finally, FBR & Co set a $52.00 price target on shares of National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.30.

About National Retail Properties

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.

5 Day Chart for NYSE:NNN

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

 

Latest News

Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life
New York Mets Have the Power
New York Mets Have the Power
Red Sox Fighting Through Illness and Injury
Red Sox Fighting Through Illness and Injury
Cleveland and Arizona Off to Fast Starts
Cleveland and Arizona Off to Fast Starts


Leave a Reply

 
© 2006-2017 BBNS.