Rehmann Capital Advisory Group lowered its position in National Retail Properties (NYSE:NNN) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,149 shares of the real estate investment trust’s stock after selling 574 shares during the period. Rehmann Capital Advisory Group’s holdings in National Retail Properties were worth $201,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of National Retail Properties by 278.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 1,694 shares during the last quarter. IHT Wealth Management LLC boosted its stake in shares of National Retail Properties by 1.0% in the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 28 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of National Retail Properties during the first quarter worth about $122,000. Pinnacle Bank bought a new stake in shares of National Retail Properties during the first quarter worth about $179,000. Finally, Greenleaf Trust bought a new stake in shares of National Retail Properties during the first quarter worth about $209,000. 89.19% of the stock is owned by hedge funds and other institutional investors.

National Retail Properties (NYSE:NNN) traded down 0.70% during midday trading on Friday, hitting $39.99. The stock had a trading volume of 107,189 shares. The firm has a 50-day moving average price of $38.82 and a 200-day moving average price of $42.00. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $53.60. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 30.93 and a beta of 0.38.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.27. National Retail Properties had a return on equity of 8.07% and a net margin of 44.24%. The company had revenue of $141.43 million during the quarter, compared to the consensus estimate of $141.51 million. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts anticipate that National Retail Properties will post $1.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.475 per share. This is an increase from National Retail Properties’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Thursday, July 27th. National Retail Properties’s payout ratio is currently 140.00%.

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Separately, BidaskClub raised National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.50.

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 primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

Institutional Ownership by Quarter for National Retail Properties (NYSE:NNN)

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