LS Investment Advisors LLC Raises Position in National Retail Properties (NYSE:NNN)

Ivan Schwartz
August 13, 2017

(NYSE:RPAI) by 253.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by $0.29. The value of the investment in Retail Properties of America, I went from $62,047,000 to $38,009,000 a change of 38.7% for the reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bank acquired a new stake in shares of National Retail Properties during the first quarter worth about $179,000. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.26 by $0.01. Public Employees Retirement Association Of Colorado holds 0.01% in National Retail Properties, Inc. Teachers Retirement System of The State of Kentucky now owns 34,490 shares of the real estate investment trust's stock valued at $1,504,000 after buying an additional 190 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Retail Properties of America by 25.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust's stock valued at $100,000 after buying an additional 1,694 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Retail Properties of America during the fourth quarter worth approximately $648,000. World Asset Management Inc now owns 11,207 shares of the real estate investment trust's stock valued at $489,000 after buying an additional 184 shares during the last quarter.

Retail Properties of America, Inc., launched on March 5, 2003, is a real estate investment trust (REIT). Jefferies Group LLC reissued a "hold" rating and issued a $13.00 target price on shares of Retail Properties of America in a research note on Tuesday, June 20th. The stock decreased 0.93% or $0.38 during the last trading session, reaching $40.45. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America, Inc. with MarketBeat.com's FREE daily email newsletter.

Retail Properties of America, I now has a P/E ratio of 16.94 and the market cap of the company is 3.08B.

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The stock last traded at $13.19 which is slightly above $12.75, the stock's 50 day moving average and just a bit lower than the 200 day moving average of $13.67.

Traders purchased shares of National Retail Properties (NYSE:NNN) on weakness during trading on Monday. The dividend payment will be $0.165 per share for the quarter which is $0.66 annualized. The business had revenue of $145.55 million during the quarter, compared to analysts' expectations of $142.83 million. National Retail Properties, Inc. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts anticipate that National Retail Properties will post $1.46 EPS for the current fiscal year. Additionally the company announced a dividend to be paid on Tuesday October 10th, 2017. Stockholders of record on Monday, July 31st will be given a $0.475 dividend. The ex-dividend date is Monday, September 25th. Retail Properties of America's dividend payout ratio (DPR) is presently 82.50%. DnB Asset Management AS boosted its stake in shares of National Retail Properties by 37.2% in the first quarter. If you are accessing this story on another domain, it was illegally stolen and republished in violation of global trademark & copyright legislation. The legal version of this report can be read at https://sportsperspectives.com/2017/08/12/teachers-advisors-llc-acquires-817756-shares-of-retail-properties-of-america-inc-nyserpai-updated-updated-updated.html. (NYSE:NNN) or 17,761 shares. BidaskClub upgraded National Retail Properties from a "strong sell" rating to a "sell" rating in a research note on Wednesday, June 14th. 25,000 shares valued at $1.11M were sold by Horn Stephen A JR on Friday, February 17.

11/26/2015 - KeyBanc began new coverage on Retail Properties of America, Inc. giving the company a "buy" rating. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. They now have a United States dollars 15 price target on the stock.

In other Retail Properties of America news, Director Richard P. Imperiale acquired 4,500 shares of the company's stock in a transaction dated Tuesday, May 16th. Following the completion of the transaction, the executive vice president now owns 21,267 shares in the company, valued at $856,634.76. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Stocks with higher EPS growth rates are generally more preferred by investors than those with slower earnings-per-share growth rates, though in general high growth rates have a propensity to revert over the longer term to more even growth rates. The total value of its holdings decreased 11.7%.

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