Hancock Holding Co. purchased a new stake in shares of National Retail Properties (NYSE:NNN) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,720 shares of the real estate investment trust’s stock, valued at approximately $244,000.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in National Retail Properties during the fourth quarter valued at $44,094,000. Nuveen Asset Management LLC increased its stake in National Retail Properties by 53.8% in the first quarter. Nuveen Asset Management LLC now owns 2,409,222 shares of the real estate investment trust’s stock valued at $111,306,000 after buying an additional 842,743 shares during the period. JPMorgan Chase & Co. increased its stake in National Retail Properties by 16.7% in the second quarter. JPMorgan Chase & Co. now owns 3,758,899 shares of the real estate investment trust’s stock valued at $194,410,000 after buying an additional 537,861 shares during the period. Emerald Acquisition Ltd. bought a new stake in National Retail Properties during the second quarter valued at $20,439,000. Finally, Goldman Sachs Group Inc. increased its stake in National Retail Properties by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,814,580 shares of the real estate investment trust’s stock valued at $176,234,000 after buying an additional 342,787 shares during the period. 94.35% of the stock is owned by hedge funds and other institutional investors.

National Retail Properties (NYSE:NNN) traded down 0.34% on Wednesday, reaching $49.39. 290,563 shares of the company’s stock were exchanged. National Retail Properties has a 52-week low of $35.35 and a 52-week high of $53.60. The firm’s 50 day moving average price is $50.50 and its 200 day moving average price is $48.13. The company has a market cap of $7.26 billion, a PE ratio of 37.59 and a beta of 0.35.

National Retail Properties (NYSE:NNN) last posted its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. National Retail Properties had a net margin of 43.41% and a return on equity of 7.88%. The firm earned $130.92 million during the quarter, compared to analysts’ expectations of $129.73 million. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts expect that National Retail Properties will post $2.35 earnings per share for the current year.

Several equities research analysts have weighed in on NNN shares. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 15th. 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 research report on Monday, July 11th. DA Davidson boosted their target price on shares of National Retail Properties from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. BTIG Research started coverage on shares of National Retail Properties in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Finally, Oppenheimer Holdings Inc. boosted their target price on shares of National Retail Properties from $51.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $50.65.

In other news, EVP Michelle Lynn Miller sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $51.17, for a total value of $51,170.00. Following the completion of the sale, the executive vice president now directly owns 21,367 shares of the company’s stock, valued at approximately $1,093,349.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Craig Macnab sold 15,832 shares of the firm’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $48.40, for a total transaction of $766,268.80. Following the completion of the sale, the chief executive officer now directly owns 510,000 shares of the company’s stock, valued at $24,684,000. The disclosure for this sale can be found here. 1.25% of the stock is currently owned by insiders.

About National Retail Properties

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.

5 Day Chart for NYSE:NNN

Want to see what other hedge funds are holding NNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Retail Properties (NYSE:NNN).

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.