National Retail Properties (NYSE:NNN) EVP Stephen A. Horn, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $41.11, for a total value of $411,100.00. Following the transaction, the executive vice president now owns 90,462 shares in the company, valued at $3,718,892.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of National Retail Properties (NYSE NNN) traded down 0.95% during midday trading on Friday, reaching $40.73. The company’s stock had a trading volume of 928,384 shares. The stock has a market capitalization of $6.08 billion, a PE ratio of 30.60 and a beta of 0.38. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $52.27. The stock has a 50-day moving average price of $39.87 and a 200 day moving average price of $41.40.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a dividend of $0.475 per share. This is a boost from National Retail Properties’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, July 27th. This represents a $1.90 dividend on an annualized basis and a yield of 4.66%. National Retail Properties’s dividend payout ratio (DPR) is presently 142.86%.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its stake in shares of National Retail Properties by 2.1% in the second quarter. Texas Permanent School Fund now owns 108,887 shares of the real estate investment trust’s stock worth $4,257,000 after buying an additional 2,287 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of National Retail Properties by 2.8% in the first quarter. Shell Asset Management Co. now owns 15,589 shares of the real estate investment trust’s stock worth $680,000 after buying an additional 421 shares in the last quarter. Credit Suisse AG boosted its stake in shares of National Retail Properties by 4.3% in the first quarter. Credit Suisse AG now owns 450,279 shares of the real estate investment trust’s stock worth $19,641,000 after buying an additional 18,688 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of National Retail Properties by 14.7% in the first quarter. Pacer Advisors Inc. now owns 17,262 shares of the real estate investment trust’s stock worth $753,000 after buying an additional 2,216 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of National Retail Properties by 0.7% in the first quarter. Nationwide Fund Advisors now owns 245,824 shares of the real estate investment trust’s stock worth $10,723,000 after buying an additional 1,618 shares in the last quarter. 89.86% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on NNN. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, August 2nd. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. National Retail Properties presently has an average rating of “Hold” and a consensus target price of $45.67.

National Retail Properties Company Profile

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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