Shares of National Retail Properties (NYSE:NNN) rose 1.7% during mid-day trading on Tuesday . The company traded as high as $52.71 and last traded at $52.66, with a volume of 376,064 shares. The stock had previously closed at $51.80.

Several brokerages have weighed in on NNN. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of National Retail Properties in a research note on Monday, May 2nd. Morgan Stanley cut shares of National Retail Properties from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $46.00 to $49.00 in a research note on Monday, May 16th. Finally, Zacks Investment Research cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $44.39.

The stock has a market cap of $7.57 billion and a PE ratio of 40.23. The company’s 50-day moving average is $47.41 and its 200-day moving average is $44.79.

National Retail Properties (NYSE:NNN) last released its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $127 million for the quarter, compared to analysts’ expectations of $127.43 million. National Retail Properties’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. On average, equities research analysts predict that National Retail Properties will post $2.35 earnings per share for the current year.

In other news, CEO Craig Macnab sold 15,000 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $46.45, for a total value of $696,750.00. Following the sale, the chief executive officer now directly owns 525,832 shares of the company’s stock, valued at $24,424,896.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ted B. Lanier sold 1,500 shares of the stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $46.95, for a total transaction of $70,425.00. Following the completion of the sale, the director now directly owns 76,340 shares in the company, valued at $3,584,163. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the company. Retirement Systems of Alabama increased its stake in shares of National Retail Properties by 2.6% in the fourth quarter. Retirement Systems of Alabama now owns 174,962 shares of the real estate investment trust’s stock worth $7,007,000 after buying an additional 4,472 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of National Retail Properties by 23.9% in the fourth quarter. Neuberger Berman Group LLC now owns 784,557 shares of the real estate investment trust’s stock worth $31,422,000 after buying an additional 151,303 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of National Retail Properties by 1.8% in the fourth quarter. Nationwide Fund Advisors now owns 218,176 shares of the real estate investment trust’s stock worth $8,738,000 after buying an additional 3,856 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of National Retail Properties by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 256,229 shares of the real estate investment trust’s stock worth $10,262,000 after buying an additional 3,871 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of National Retail Properties by 0.9% in the fourth quarter. Rhumbline Advisers now owns 255,234 shares of the real estate investment trust’s stock worth $10,222,000 after buying an additional 2,320 shares during the last quarter.

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 held for investment. As of December 31, 2014, the Company owned 2,054 Properties with a gross leasable area of approximately 22,479,000 square feet, located in 47 states.

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