National Retail Properties (NYSE:NNN) shares traded down 1.7% during mid-day trading on Thursday . The company traded as low as $50.59 and last traded at $50.68, with a volume of 460,734 shares changing hands. The stock had previously closed at $51.55.

A number of research analysts have recently issued reports on the company. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of National Retail Properties in a report on Monday, May 2nd. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Wunderlich lifted their price target on National Retail Properties from $43.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Citigroup Inc. lifted their price target on National Retail Properties from $40.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Finally, DA Davidson boosted their target price on National Retail Properties from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. National Retail Properties has an average rating of “Buy” and an average price target of $50.65.

The stock has a market capitalization of $7.54 billion and a P/E ratio of 39.01. The company has a 50 day moving average price of $51.62 and a 200 day moving average price of $46.95.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $130.92 million for the quarter, compared to analyst estimates of $129.73 million. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts forecast that National Retail Properties will post $2.35 earnings per share for the current year.

The business 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 $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, July 27th. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.44.

In other news, insider Christopher Paul Tessitore sold 7,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $51.33, for a total value of $359,310.00. Following the sale, the insider now directly owns 116,202 shares in the company, valued at $5,964,648.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michelle Lynn Miller sold 2,500 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $47.82, for a total value of $119,550.00. Following the completion of the sale, the chief accounting officer now owns 22,367 shares in the company, valued at $1,069,589.94. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. 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 valued at $1,160,000 after buying an additional 200 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of National Retail Properties by 77.8% in the fourth quarter. Employees Retirement System of Texas now owns 160,000 shares of the real estate investment trust’s stock valued at $6,408,000 after buying an additional 70,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National Retail Properties by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,732,263 shares of the real estate investment trust’s stock valued at $69,378,000 after buying an additional 54,894 shares during the last quarter. 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 valued at $1,964,000 after buying an additional 4,403 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of National Retail Properties during the fourth quarter valued at about $3,865,000.

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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