Shares of National Retail Properties (NYSE:NNN) traded down 1.9% on Friday . The stock traded as low as $51.19 and last traded at $51.21, with a volume of 548,330 shares trading hands. The stock had previously closed at $52.19.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer Holdings Inc. lifted their target price on shares of National Retail Properties from $51.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley lowered shares of National Retail Properties from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $46.00 to $49.00 in a research report on Monday, May 16th. DA Davidson lifted their target price on shares of National Retail Properties from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wunderlich lifted their target price on shares of National Retail Properties from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.65.

The company has a market capitalization of $7.48 billion and a P/E ratio of 39.01. The firm has a 50-day moving average price of $51.05 and a 200 day moving average price of $46.58.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company earned $130.92 million during the quarter, compared to the consensus estimate of $129.73 million. National Retail Properties’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. On average, analysts anticipate that National Retail Properties will post $2.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.455 per share. The ex-dividend date is Wednesday, July 27th. This represents a $1.82 dividend on an annualized basis and a yield of 3.55%. This is an increase from National Retail Properties’s previous quarterly dividend of $0.44.

In other National Retail Properties news, CAO Michelle Lynn Miller sold 2,500 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $47.82, for a total transaction of $119,550.00. Following the sale, the chief accounting officer now directly owns 22,367 shares in the company, valued at $1,069,589.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Eugene Bayer sold 10,000 shares of the stock in a transaction dated Wednesday, June 29th. The stock was 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 in the company, valued at $8,770,855.10. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in NNN. Mizuho Trust & Banking Co. Ltd. increased 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 increased 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 increased 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 increased 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 increased 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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