National Retail Properties (NYSE:NNN)’s share price hit a new 52-week high on Friday . The stock traded as high as $53.60 and last traded at $53.36, with a volume of 991,423 shares changing hands. The stock had previously closed at $52.44.

Several equities analysts have weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of National Retail Properties in a report on Monday, May 2nd. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley downgraded shares of National Retail Properties from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $46.00 to $49.00 in a report on Monday, May 16th. Citigroup Inc. boosted their target price on shares of National Retail Properties from $40.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, Stifel Nicolaus boosted their target price on shares of National Retail Properties from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.61.

The firm has a 50 day moving average of $50.38 and a 200 day moving average of $46.16. The firm has a market cap of $7.66 billion and a P/E ratio of 40.70.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The business earned $127 million during the quarter, compared to analyst estimates of $127.43 million. National Retail Properties’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. On average, equities analysts forecast that National Retail Properties will post $2.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, July 27th. This is an increase from National Retail Properties’s previous quarterly dividend of $0.44. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.42%.

In other news, insider Paul Eugene Bayer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $51.10, for a total transaction of $511,000.00. Following the sale, the insider now owns 171,641 shares of the company’s stock, valued at approximately $8,770,855.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ted B. Lanier sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $46.95, for a total transaction of $70,425.00. Following the sale, the director now directly owns 76,340 shares in the company, valued at approximately $3,584,163. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of NNN. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of National Retail Properties by 3.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 25,674 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 881 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of National Retail Properties by 222.9% in the fourth quarter. GSA Capital Partners LLP now owns 25,786 shares of the real estate investment trust’s stock worth $1,033,000 after buying an additional 17,800 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of National Retail Properties by 0.7% in the fourth quarter. Utah Retirement Systems now owns 28,981 shares of the real estate investment trust’s stock worth $1,160,000 after buying an additional 200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of National Retail Properties by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,477 shares of the real estate investment trust’s stock worth $1,581,000 after buying an additional 667 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of National Retail Properties by 9.9% in the fourth quarter. Stephens Inc. AR now owns 49,036 shares of the real estate investment trust’s stock worth $1,964,000 after buying an additional 4,403 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. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.

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