Northwestern Mutual Wealth Management Co. increased its stake in shares of National Retail Properties (NYSE:NNN) by 82.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,606 shares of the real estate investment trust’s stock after acquiring an additional 1,632 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in National Retail Properties were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Texas Permanent School Fund grew its holdings in National Retail Properties by 2.1% during the second quarter. Texas Permanent School Fund now owns 108,887 shares of the real estate investment trust’s stock worth $4,257,000 after acquiring an additional 2,287 shares during the period. Wesbanco Bank Inc. grew its holdings in National Retail Properties by 9.8% in the second quarter. Wesbanco Bank Inc. now owns 91,894 shares of the real estate investment trust’s stock valued at $3,593,000 after purchasing an additional 8,182 shares during the period. Credit Suisse AG grew its holdings in National Retail Properties by 4.3% in the first quarter. Credit Suisse AG now owns 450,279 shares of the real estate investment trust’s stock valued at $19,641,000 after purchasing an additional 18,688 shares during the period. Cipher Capital LP grew its holdings in National Retail Properties by 219.2% in the second quarter. Cipher Capital LP now owns 121,266 shares of the real estate investment trust’s stock valued at $4,741,000 after purchasing an additional 83,278 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in National Retail Properties by 26.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,542 shares of the real estate investment trust’s stock valued at $1,976,000 after purchasing an additional 10,498 shares during the period. 89.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National Retail Properties (NNN) opened at 42.66 on Thursday. The stock has a 50 day moving average price of $41.42 and a 200-day moving average price of $40.98. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 32.05 and a beta of 0.36. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $52.27.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). The firm had revenue of $145.55 million during the quarter, compared to analyst estimates of $142.83 million. National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, analysts anticipate that National Retail Properties will post $1.45 EPS for the current year.

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In related news, CFO Kevin B. Habicht sold 23,499 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $40.45, for a total value of $950,534.55. Following the sale, the chief financial officer now owns 146,386 shares in the company, valued at approximately $5,921,313.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen A. Horn, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $41.11, for a total value of $411,100.00. Following the completion of the sale, the executive vice president now owns 90,462 shares in the company, valued at approximately $3,718,892.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,912 shares of company stock worth $2,164,138. Insiders own 1.03% of the company’s stock.

Several brokerages have commented on NNN. Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Monday, September 11th. FBR & Co reissued a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a report on Thursday, September 7th. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, August 2nd. Finally, BidaskClub raised National Retail Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. National Retail Properties currently has a consensus rating of “Hold” and an average price target of $45.86.

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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