National Retail Properties (NNN) Holder Lasalle Investment Management Securities Has Raised Position; As Spirit Rlty Cap New (SRC) Market Valuation Declined, Tricadia Capital Management Has Increased Position

February 22, 2018 - By Hazel Jackson

Michael Barnes increased its stake in Spirit Rlty Cap Inc New (SRC) by 45.67% based on its latest 2017Q3 regulatory filing with the SEC. Tricadia Capital Management Llc bought 669,000 shares as the company’s stock declined 32.65% while stock markets rallied. The hedge fund run by Michael Barnes held 2.13 million shares of the consumer services company at the end of 2017Q3, valued at $18.29M, up from 1.47M at the end of the previous reported quarter. Tricadia Capital Management Llc who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be bullish on the $3.46 billion market cap company. The stock decreased 0.39% or $0.03 during the last trading session, reaching $7.59. About 2.84 million shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has declined 36.20% since February 22, 2017 and is downtrending. It has underperformed by 52.90% the S&P500.

Lasalle Investment Management Securities Llc increased its stake in National Retail Properties Inc (NNN) by 11869.86% based on its latest 2017Q3 regulatory filing with the SEC. Lasalle Investment Management Securities Llc bought 3.00M shares as the company’s stock declined 15.61% while stock markets rallied. The institutional investor held 3.03 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $126.21M, up from 25,310 at the end of the previous reported quarter. Lasalle Investment Management Securities Llc who had been investing in National Retail Properties Inc for a number of months, seems to be bullish on the $5.85 billion market cap company. The stock increased 2.86% or $1.06 during the last trading session, reaching $38.12. About 1.02M shares traded. National Retail Properties, Inc. (NYSE:NNN) has declined 14.81% since February 22, 2017 and is downtrending. It has underperformed by 31.51% the S&P500.

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.31, from 0.98 in 2017Q2. It increased, as 29 investors sold SRC shares while 73 reduced holdings. 45 funds opened positions while 87 raised stakes. 417.60 million shares or 1.85% less from 425.47 million shares in 2017Q2 were reported. Metropolitan Life Company New York reported 39,312 shares stake. Nomura Holdings Incorporated has invested 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Ameriprise stated it has 82,335 shares. Dupont Mngmt Corporation reported 118,437 shares. Bnp Paribas Arbitrage holds 0% in Spirit Realty Capital, Inc. (NYSE:SRC) or 177,183 shares. Arcadia Invest Mgmt Corporation Mi holds 1,750 shares or 0% of its portfolio. Strs Ohio has invested 0.02% in Spirit Realty Capital, Inc. (NYSE:SRC). First Manhattan, New York-based fund reported 25,000 shares. Barnett Inc holds 0.9% or 207,630 shares in its portfolio. State Of Wisconsin Inv Board accumulated 98,529 shares. Proshare Advsr Ltd Limited Liability Company owns 107,160 shares or 0.01% of their US portfolio. Prelude Capital Management Ltd Liability Co holds 0.18% or 237,415 shares in its portfolio. Macquarie Gru Ltd holds 1.38M shares or 0.02% of its portfolio. Fifth Third Bancorp has 890 shares. D E Shaw invested in 208,258 shares or 0% of the stock.

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Spirit Realty Capital had 51 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Equal Weight” rating given on Thursday, July 23 by Morgan Stanley. The firm earned “Outperform” rating on Friday, August 21 by Robert W. Baird. On Friday, May 5 the stock rating was downgraded by JP Morgan to “Neutral”. On Monday, November 21 the stock rating was upgraded by Robert W. Baird to “Outperform”. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Buy” rating by Mizuho on Friday, October 14. As per Thursday, November 2, the company rating was maintained by SunTrust. The firm earned “Equal-Weight” rating on Tuesday, May 9 by Morgan Stanley. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Buy” rating given on Tuesday, May 10 by Wunderlich. The firm has “Neutral” rating given on Monday, September 14 by Bank of America. RBC Capital Markets maintained it with “Sector Perform” rating and $11 target in Friday, August 7 report.

Tricadia Capital Management Llc, which manages about $3.88 billion and $231.26M US Long portfolio, decreased its stake in Gentherm Inc (NASDAQ:THRM) by 40,801 shares to 155,899 shares, valued at $5.79 million in 2017Q3, according to the filing. It also reduced its holding in Lyon William Homes (NYSE:WLH) by 123,876 shares in the quarter, leaving it with 980,171 shares, and cut its stake in Modine Mfg Co (NYSE:MOD).

Among 14 analysts covering National Retail Properties (NYSE:NNN), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. National Retail Properties had 30 analyst reports since July 23, 2015 according to SRatingsIntel. UBS upgraded the shares of NNN in report on Thursday, November 9 to “Neutral” rating. As per Tuesday, October 27, the company rating was initiated by Wunderlich. The firm earned “Equal-Weight” rating on Monday, May 16 by Morgan Stanley. On Friday, November 4 the stock rating was maintained by Wunderlich with “Hold”. The firm has “Buy” rating by FBR Capital given on Tuesday, February 13. Morgan Stanley upgraded National Retail Properties, Inc. (NYSE:NNN) on Thursday, July 23 to “Overweight” rating. Robert W. Baird upgraded National Retail Properties, Inc. (NYSE:NNN) rating on Monday, November 21. Robert W. Baird has “Outperform” rating and $50 target. Stifel Nicolaus maintained National Retail Properties, Inc. (NYSE:NNN) on Monday, July 11 with “Buy” rating. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Buy” rating given on Sunday, August 20 by Stifel Nicolaus. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, December 15.

Since August 24, 2017, it had 0 insider purchases, and 2 sales for $912,559 activity. WHITEHURST JULIAN E had sold 17,413 shares worth $721,966. 750 shares were sold by Miller Michelle Lynn, worth $32,273 on Thursday, December 14.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.41, from 1.47 in 2017Q2. It dropped, as 33 investors sold NNN shares while 91 reduced holdings. 38 funds opened positions while 93 raised stakes. 135.26 million shares or 2.45% more from 132.03 million shares in 2017Q2 were reported. Oppenheimer & Inc invested in 7,747 shares or 0.01% of the stock. Nomura Asset Mngmt has 0.06% invested in National Retail Properties, Inc. (NYSE:NNN). Moreover, Cohen Steers has 0.35% invested in National Retail Properties, Inc. (NYSE:NNN) for 3.11 million shares. 30,247 are held by D E Shaw & Comm Inc. Td Mgmt Limited owns 121 shares for 0% of their portfolio. Tompkins Corporation accumulated 46,413 shares. Cambiar Invsts Ltd Limited Liability Company holds 0.06% in National Retail Properties, Inc. (NYSE:NNN) or 90,719 shares. Moreover, Amalgamated Financial Bank has 0.04% invested in National Retail Properties, Inc. (NYSE:NNN). First Finance Financial Bank, Alabama-based fund reported 117,287 shares. Davidson & Garrard Inc stated it has 0.95% of its portfolio in National Retail Properties, Inc. (NYSE:NNN). Ny State Teachers Retirement Systems reported 0.03% in National Retail Properties, Inc. (NYSE:NNN). State Of Alaska Department Of Revenue accumulated 79,700 shares or 0.17% of the stock. 50,400 are held by Pictet Asset Mngmt Limited. Panagora Asset holds 0% or 6,330 shares. Pnc Group Inc Incorporated has invested 0% in National Retail Properties, Inc. (NYSE:NNN).

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