5 Stocks For Passive Income In 2022

4. National Retail Properties, Inc. (NYSE:NNN)

Dividend Yield as of February 18: 4.89%

Number of Hedge Fund Holders: 21 

Based in Orlando, Florida, National Retail Properties, Inc. (NYSE:NNN) is a real estate investment trust that invests in high-quality properties across the United States. The company has offered 32 consecutive years of increased annual dividends.

In a press release on February 9, National Retail Properties, Inc. (NYSE:NNN) reported a Q4 FFO of $0.75, beating estimates by $0.03. Revenue of the company came in at $187.26 million, up 14.7% on a year-over-year basis, outperforming estimates by $2.89 million. 

On February 10, B. Riley analyst Craig Kucera lowered the price target on National Retail Properties, Inc. (NYSE:NNN) to $50 from $55 and kept a Buy rating on the shares. Rising inflation concerns are leading to over 10% peer multiple contraction, the analyst told investors in a research note, but shares remain attractive on a price/NAV basis.

National Retail Properties, Inc. (NYSE:NNN) declared on January 14 a $0.53 per share quarterly dividend, in line with previous. The dividend was paid on February 15, to shareholders of record on January 31. National Retail Properties, Inc. (NYSE:NNN)’s dividend yield on February 18 was 4.89%. 

A total of 21 hedge funds held long positions in National Retail Properties, Inc. (NYSE:NNN), up from 19 funds in the quarter earlier. Israel Englander’s Millennium Management is the largest National Retail Properties, Inc. (NYSE:NNN) stakeholder as of Q3 2021, with 864,311 shares worth $37.3 million.