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National Retail Properties (NYSE:NNN) Insider Paul Eugene Bayer sold 1,762 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $37.15, for a total value of $65,458.30. Following the completion of the transaction, the insider now directly owns 163,562 shares in the company, valued at approximately $6,076,328. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on NNN. Analysts at Bank of America downgraded shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $37.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of National Retail Properties from $37.00 to $38.50 in a research note on Monday, June 9th. They now have a “buy” rating on the stock. Finally, analysts at Stifel raised their price target on shares of National Retail Properties from $37.00 to $38.50 in a research note on Monday, June 9th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.95.

Shares of National Retail Properties (NYSE:NNN) traded down 0.13% during mid-day trading on Tuesday, hitting $37.10. The stock had a trading volume of 1,289,386 shares. National Retail Properties has a 52-week low of $30.01 and a 52-week high of $37.74. The stock has a 50-day moving average of $35.57 and a 200-day moving average of $33.70. The company has a market cap of $4.570 billion and a price-to-earnings ratio of 32.88.

National Retail Properties (NYSE:NNN) last released its earnings data on Thursday, May 1st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $102.50 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that National Retail Properties will post $2.04 EPS for the current fiscal year.

National Retail Properties, Inc (NYSE:NNN) is a fully integrated real estate investment trust (REIT).

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