National Retail Properties (NYSE:NNN) EVP Michelle Lynn Miller sold 2,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $40.28, for a total transaction of $80,560.00. Following the transaction, the executive vice president now owns 21,267 shares of the company’s stock, valued at approximately $856,634.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

National Retail Properties (NYSE:NNN) traded down 0.12% during trading on Tuesday, hitting $40.50. 836,525 shares of the stock were exchanged. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $52.27. The company has a 50-day moving average price of $39.42 and a 200 day moving average price of $41.67. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 30.43 and a beta of 0.38.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.29. The company had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Equities analysts predict that National Retail Properties will post $1.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, July 27th. This is an increase from National Retail Properties’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.69%. National Retail Properties’s payout ratio is 142.86%.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position in National Retail Properties by 60.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 521,314 shares of the real estate investment trust’s stock valued at $23,042,000 after buying an additional 197,292 shares during the last quarter. Capstone Asset Management Co. increased its position in National Retail Properties by 7.3% in the first quarter. Capstone Asset Management Co. now owns 14,549 shares of the real estate investment trust’s stock valued at $635,000 after buying an additional 990 shares during the last quarter. Private Trust Co. NA increased its position in National Retail Properties by 0.7% in the first quarter. Private Trust Co. NA now owns 9,242 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 61 shares during the last quarter. Fox Run Management L.L.C. increased its position in National Retail Properties by 168.5% in the first quarter. Fox Run Management L.L.C. now owns 19,600 shares of the real estate investment trust’s stock valued at $855,000 after buying an additional 12,300 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in National Retail Properties by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 37,200 shares of the real estate investment trust’s stock valued at $1,623,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 89.75% of the company’s stock.

A number of brokerages have weighed in on NNN. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. National Retail Properties currently has an average rating of “Hold” and an average target price of $45.67.

About National Retail Properties

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

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