Insiders Worth Watching: Stephen Horn, an Insider in National Retail Properties, Inc. (NYSE:NNN), Unloaded 3500 shares of the Company

November 28, 2016 - By Ellis Scott

Insiders Worth Watching: Stephen Horn, an Insider in National Retail Properties, Inc. (NYSE:NNN), Unloaded 3500 shares of the Company

Stephen Horn Insider Sell

Stephen Horn, the EVP & Chief Acquisitions Offic of National Retail Properties Inc, sold 3,500 shares of the company, with value $148,782 U.S Dollars, based on a stock price of $42.5 for each share. Dated November 28, 2016, this shares sale by Stephen Horn was disclosed in a form that was filed together with the Washington-based Security and Exchange Commission. It is available for public review here. Stephen Horn currently owns 103,924 shares or 0.07% of National Retail Properties Inc’s market cap.

National Retail Properties, Inc. (NYSE:NNN) Ratings Coverage

Out of 11 analysts covering National Retail Properties (NYSE:NNN), 4 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 36% are positive. $56 is the highest target while $35 is the lowest. The $46.19 average target is 8.99% above today’s ($42.38) stock price. National Retail Properties has been the topic of 16 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Neutral” rating given on Thursday, July 23 by DA Davidson. The stock has “Overweight” rating given by Morgan Stanley on Thursday, July 23. The rating was downgraded by Raymond James to “Mkt Perform” on Thursday, January 7. Stifel Nicolaus maintained National Retail Properties, Inc. (NYSE:NNN) rating on Friday, January 29. Stifel Nicolaus has “Buy” rating and $44 price target. The rating was initiated by UBS on Monday, September 26 with “Sell”. The firm has “Outperform” rating given on Wednesday, October 12 by FBR Capital. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Equal-Weight” rating given on Monday, May 16 by Morgan Stanley. The firm has “Outperform” rating given on Monday, November 21 by Robert W. Baird. On Monday, July 11 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Outperform” rating given on Friday, February 12 by FBR Capital.

Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.62, from 1.82 in 2016Q1. The ratio dropped, as 26 funds sold all National Retail Properties, Inc. shares owned while 74 reduced positions. 48 funds bought stakes while 134 increased positions. They now own 137.10 million shares or 3.45% more from 132.53 million shares in 2016Q1.

Finemark Fincl Bank And Trust holds 0.01% of its portfolio in National Retail Properties, Inc. (NYSE:NNN) for 1,000 shares. Manufacturers Life Insurance The last reported 195,461 shares in the company. Los Angeles Capital Mngmt And Equity Research holds 115,805 shares or 0.05% of its portfolio. The California-based Checchi Capital Advisers Ltd has invested 0.01% in National Retail Properties, Inc. (NYSE:NNN). Cipher Cap Limited Partnership holds 0.08% of its portfolio in National Retail Properties, Inc. (NYSE:NNN) for 22,127 shares. Cordasco Networks holds 0.02% of its portfolio in National Retail Properties, Inc. (NYSE:NNN) for 313 shares. Moreover, Daiwa Secs Gp Incorporated has 1.3% invested in National Retail Properties, Inc. (NYSE:NNN) for 4.19 million shares. Moreover, Victory Cap Mngmt Inc has 0.12% invested in National Retail Properties, Inc. (NYSE:NNN) for 569,000 shares. Fca Tx, a Texas-based fund reported 4,000 shares. Wellington Mngmt Grp Ltd Liability Partnership accumulated 160,110 shares or 0% of the stock. Stifel Financial Corporation reported 17,585 shares or 0% of all its holdings. Spot Trading Ltd Liability accumulated 12,692 shares or 0.01% of the stock. Private Communication Na has 0.12% invested in the company for 9,068 shares. The New York-based New York State Teachers Retirement System has invested 0.04% in National Retail Properties, Inc. (NYSE:NNN). Johnson Investment Counsel owns 5,200 shares or 0.01% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 4 selling transactions for $1.04 million net activity. 7,000 National Retail Properties, Inc. (NYSE:NNN) shares with value of $359,310 were sold by Tessitore Christopher Paul. Shares for $819,420 were sold by HABICHT KEVIN B on Tuesday, May 31. Shares for $119,538 were sold by Miller Michelle Lynn on Thursday, June 9. Bayer Paul Eugene also sold $511,030 worth of National Retail Properties, Inc. (NYSE:NNN) shares.

About 1.53M shares traded hands or 18.60% up from the average. National Retail Properties, Inc. (NYSE:NNN) has declined 4.99% since April 25, 2016 and is downtrending. It has underperformed by 11.01% the S&P500.

National Retail Properties, Inc. is a real estate investment trust . The company has a market cap of $6.29 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 a 38.71 P/E ratio. The Firm owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.

According to Zacks Investment Research, “National Retail Properties, a real estate investment trust, invests in single tenant net-leased retail properties throughout the United States. NNN maintains a conservatively managed, diversified real estate portfolio with properties subject to long-term, net leases with established tenants. Its 2,257 properties are located in 47 states with a total gross leasable area of approximately 25.0 million square feet. Current occupancy is 99.1% and these properties are leased to more than 400 tenants in 38 industry classifications.”

Analysts await National Retail Properties, Inc. (NYSE:NNN) to report earnings on February, 9. They expect $0.59 EPS, up 3.51% or $0.02 from last year’s $0.57 per share. NNN’s profit will be $87.57M for 17.96 P/E if the $0.59 EPS becomes a reality. After $0.61 actual EPS reported by National Retail Properties, Inc. for the previous quarter, Wall Street now forecasts -3.28% negative EPS growth.

More notable recent National Retail Properties, Inc. (NYSE:NNN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Central Fund of Canada, National Retail Properties and ..” on October 25, 2016, also Prnewswire.com with their article: “Research Reports Coverage on REIT Stocks — CyrusOne, Lexington Realty Trust ..” published on November 28, 2016, Forbes.com published: “National Retail Properties Enters Oversold Territory” on October 06, 2016. More interesting news about National Retail Properties, Inc. (NYSE:NNN) were released by: Forbes.com and their article: “National Retail Properties’ Series D Preferred Stock Shares Cross 6.5% Yield Mark” published on November 23, 2016 as well as Prnewswire.com‘s news article titled: “National Retail Properties, Inc. Closes Offering Of Depositary Shares ..” with publication date: October 11, 2016.

NNN Company Profile

National Retail Properties, Inc., incorporated on May 12, 1994, is a real estate investment trust (REIT). 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. The Firm owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.

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