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Benjamin F. Edwards & Company Inc. sells National Retail Properties, Inc. (NYSE:NNN) stock.

Benjamin F. Edwards & Company Inc. sells National Retail Properties, Inc. (NYSE:NNN) stock.

According to the most recent filing that Benjamin F. Edwards & Company Inc. made with the Securities and Exchange Commission, the company liquidated 21.4% of its holdings in National Retail Properties, Inc. during the third quarter of 2018. (NYSE: NNN). The fund had a total holding of 13,520 shares of the trust’s stock before selling 3,675 shares during the quarter. Following the sale, the fund’s holdings of the trust’s stock were as follows: At the close of the most recent reporting period, Benjamin F. Edwards & Company, Inc. held a total investment in National Retail Properties equaling $539,000.

Throughout the past few months, a wide variety of other institutional investors have engaged in transactions that included the buying and selling shares of stock in the company. During the first three months of 2018, State Street Corporation acquired an additional 8.8% ownership stake in National Retail Properties. After purchasing an additional 1,610,795 shares during the most recent quarter, State Street Corp. now has 19,941,222 of the real estate investment trust’s shares worth $896,152,000. In addition, the Massachusetts Financial Services Company, MA, increased its holding of National Retail Properties by 33.0% during the second quarter. After purchasing an additional 739,202 shares over the last quarter, Massachusetts Financial Services Co., MA, now has a total of 2,982,226 shares of the real estate investment trust, which are worth a total of $128,236,000. Finally, Federated Hermes Inc. increased its stake in National Retail Properties by 29.0% during the first three months of 2018. Federated Hermes Inc. now owns 2,556,747 shares of the real estate investment trust, with a value of $114,900,000. This is because the company purchased an additional 574,203 shares of the REIT during the most recent fiscal quarter. In addition, during the second quarter, Point72 Asset Management L.P. added a new investment in National Retail Properties with a value of approximately $18,467,000. This contributed to an increase in the size of the portfolio’s overall holdings. In the second quarter, Prudential Financial Inc. increased the percentage of National Retail Properties in which it holds a holding by 1,743.6%, making this the last and most important point. The most recent quarter saw Prudential Financial Inc. acquire 411,915 shares, bringing the total number of shares owned by the company in the real estate investment trust to 435,540, with a value of $18,728,000. This brings the total number of shares owned by the company in the REIT to 435,540. Institutional investors, such as hedge funds and other institutional investors, own 87.64% of the stock.

On Friday, the price of a share of NNN stock was set at $48.04 when trading began. At the moment, the share price of the company is trading at $45.67, which is higher than its 200-day moving average price of $44.46. There is a ratio of 0.60 for both the quick and current ratios, while there is a ratio of 0.95 for debt to equity in the company. The price-to-earnings ratio for this company is 27.45; the price-to-earnings-to-growth ratio for this company is 3.78; and the beta value for this company is 0.87. The company’s total value, as measured by its market capitalization, is $8.59 billion. During its most recent 52-week trading period, National Retail Properties, Inc. experienced a range of prices that went from a low of $38.05 to a high of $48.76.

Several different brokerage firms have produced recent research on NNN. These papers are available to view on their respective websites. In a research report released on Monday, Raymond James raised their price objective for national retail properties from $48.00 to $50.00. Despite this, they simultaneously upgraded their recommendation for the company from “strong buy” to “outperform.” B. Riley stated their intention to reduce their price target for National Retail Properties from $54.00 to $49.00 in a research note that was published on November 3. StockNews.com changed its recommendation for National Retail Properties on November 19, changing it from “buy” to “hold” in a research note that was published on the same day. This change indicates that the website no longer recommends purchasing the stock. In a research report that was made public on January 2, Jefferies Financial Group increased their price target for shares of National Retail Properties from $42.00 to $52.00. The report was about National Retail Properties. While this was happening, they changed their recommendation on shares of National Retail Properties from “hold” to “buy.”

Lastly, Morgan Stanley raised their price target for National Retail Properties from $45.00 to $46.00 and upgraded the company’s rating from “equal weight” to “overweight” in a research note published on November 2. One investment analyst recommended selling the stock; a hold rating was assigned to the stock by two analysts, and a buy rating was assigned to the stock by four analysts. The website Bloomberg.com reports that the company is receiving an average recommendation of “Hold” and has a price objective of $48.70.

The primary area of investment concentration for national retail properties is high-end properties with long-term net leases. As of September 30, 2020, the company owned 3,114 properties dispersed across 48 states. These properties had a weighted average remaining lease term of 10.7 years and a combined gross rentable area of approximately 32.4 million square feet. The remaining lease term was measured in square feet.

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