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Florida-based REIT $NNN acquired 46 retail properties in 1Q16, investing $125MM at an initial cash yield of 7%. The company had 11 different closings, purchasing properties at an avg. cost of $2.7MM, which is in line with its entire portfolio average. Deal flow has been solid. $NNN sold 10 properties for $52.8MM at a 6.1% avg. cap rate.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.