National Retail Properties (NYSE:NNN)‘s stock had its “buy” rating reiterated by Robert W. Baird in a research note issued to investors on Friday. They currently have a $46.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential upside of 10.26% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, August 2nd. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, September 11th. Finally, FBR & Co restated a “buy” rating and set a $52.00 price objective on shares of National Retail Properties in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.33.

Shares of National Retail Properties (NNN) traded down 0.64% during mid-day trading on Friday, hitting $41.72. The company’s stock had a trading volume of 798,373 shares. The company has a 50-day moving average price of $42.24 and a 200-day moving average price of $40.78. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $48.03. The stock has a market cap of $6.23 billion, a PE ratio of 31.34 and a beta of 0.37.

National Retail Properties (NYSE:NNN) last released its earnings results 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 firm had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. National Retail Properties’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Analysts predict that National Retail Properties will post $1.43 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/10/21/robert-w-baird-reiterates-buy-rating-for-national-retail-properties-nnn.html.

In related news, insider Julian E. Whitehurst sold 17,413 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $41.46, for a total value of $721,942.98. Following the completion of the sale, the insider now directly owns 294,826 shares in the company, valued at approximately $12,223,485.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen A. Horn, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $41.11, for a total transaction of $411,100.00. Following the completion of the sale, the executive vice president now owns 90,462 shares of the company’s stock, valued at $3,718,892.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,912 shares of company stock valued at $2,164,138. Company insiders own 1.03% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Meridian Wealth Management LLC lifted its stake in National Retail Properties by 0.5% in the 2nd quarter. Meridian Wealth Management LLC now owns 5,977 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 27 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in National Retail Properties by 0.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 35,731 shares of the real estate investment trust’s stock valued at $1,397,000 after purchasing an additional 144 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in National Retail Properties by 0.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 34,490 shares of the real estate investment trust’s stock valued at $1,504,000 after purchasing an additional 190 shares during the last quarter. McKinley Carter Wealth Services Inc. lifted its stake in National Retail Properties by 3.3% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 7,467 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 238 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in National Retail Properties by 1.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,766 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 89.22% of the company’s stock.

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.

Analyst Recommendations for National Retail Properties (NYSE:NNN)

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.