Public Employees Retirement System of Ohio raised its stake in shares of National Retail Properties (NYSE:NNN) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,510 shares of the real estate investment trust’s stock after buying an additional 71 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in National Retail Properties were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in National Retail Properties by 82.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,632 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in shares of National Retail Properties in the second quarter valued at $212,000. Meridian Wealth Management LLC grew its holdings in shares of National Retail Properties by 0.5% in the second 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 in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in shares of National Retail Properties in the second quarter valued at $254,000. Finally, Park Avenue Securities LLC purchased a new position in shares of National Retail Properties in the second quarter valued at $278,000. 89.42% of the stock is owned by institutional investors and hedge funds.

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NNN has been the subject of a number of recent research reports. Zacks Investment Research raised 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 report on Wednesday, August 2nd. FBR & Co reissued a “buy” rating and issued a $52.00 target price on shares of National Retail Properties in a report on Thursday, September 7th. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a report on Monday, September 11th. Finally, Robert W. Baird reissued a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. National Retail Properties currently has a consensus rating of “Buy” and a consensus price target of $47.33.

National Retail Properties (NNN) opened at 40.18 on Wednesday. The company has a 50 day moving average of $41.93 and a 200-day moving average of $40.56. National Retail Properties has a 12-month low of $36.45 and a 12-month high of $46.34. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 30.19 and a beta of 0.37.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). The company had revenue of $145.55 million during 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 period in the prior year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that National Retail Properties will post $1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a $0.475 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.90 annualized dividend and a yield of 4.73%. National Retail Properties’s dividend payout ratio is currently 142.86%.

In related news, EVP Michelle Lynn Miller sold 2,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.28, for a total value of $80,560.00. Following the sale, the executive vice president now directly owns 21,267 shares of the company’s stock, valued at approximately $856,634.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin B. Habicht sold 23,499 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.45, for a total transaction of $950,534.55. Following the completion of the sale, the chief financial officer now directly owns 146,386 shares in the company, valued at $5,921,313.70. The disclosure for this sale can be found here. Insiders sold a total of 52,912 shares of company stock worth $2,164,138 over the last ninety days. 1.03% of the stock is currently owned by insiders.

National Retail Properties 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.

Institutional Ownership by Quarter for National Retail Properties (NYSE:NNN)

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