Have Insiders Sold National Retail Properties, Inc. (NYSE:NNN) Shares Recently?

We wouldn't blame National Retail Properties, Inc. (NYSE:NNN) shareholders if they were a little worried about the fact that Christopher Tessitore, the Executive VP recently netted about US$1.3m selling shares at an average price of US$42.20. That's a big disposal, and it decreased their holding size by 19%, which is notable but not too bad.

Check out our latest analysis for National Retail Properties

The Last 12 Months Of Insider Transactions At National Retail Properties

Notably, that recent sale by Christopher Tessitore is the biggest insider sale of National Retail Properties shares that we've seen in the last year. That means that even when the share price was slightly below the current price of US$42.36, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 19% of Christopher Tessitore's holding.

In the last year National Retail Properties insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that National Retail Properties insiders own 0.7% of the company, worth about US$52m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At National Retail Properties Tell Us?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for National Retail Properties (1 can't be ignored) you should be aware of.

But note: National Retail Properties may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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