Amalgamated Bank boosted its stake in shares of National Retail Properties (NYSE:NNN) by 28.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,198 shares of the real estate investment trust’s stock after acquiring an additional 6,489 shares during the quarter. Amalgamated Bank’s holdings in National Retail Properties were worth $1,142,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NNN. Tower Research Capital LLC TRC raised its stake in National Retail Properties by 278.6% during 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 acquiring an additional 1,694 shares in the last quarter. IHT Wealth Management LLC raised its stake in National Retail Properties by 1.0% during the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 28 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in National Retail Properties by 82.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,632 shares in the last quarter. Meridian Wealth Management LLC raised its stake in National Retail Properties by 0.5% during the second quarter. Meridian Wealth Management LLC now owns 5,977 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 27 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new position in National Retail Properties during the second quarter worth $254,000. Hedge funds and other institutional investors own 89.36% of the company’s stock.

In related news, EVP Stephen A. Horn, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $41.11, for a total transaction of $411,100.00. Following the completion of the sale, the executive vice president now directly owns 90,462 shares in the company, valued at approximately $3,718,892.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michelle Lynn Miller sold 2,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.28, for a total value of $80,560.00. Following the sale, the executive vice president now owns 21,267 shares of the company’s stock, valued at $856,634.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,912 shares of company stock valued at $2,164,138. 1.03% of the stock is owned by corporate insiders.

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

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Shares of National Retail Properties (NYSE:NNN) opened at 42.11 on Monday. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 31.64 and a beta of 0.36. The stock has a 50 day moving average price of $41.42 and a 200-day moving average price of $40.98. 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 announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The business had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. National Retail Properties’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that National Retail Properties will post $1.45 earnings per share for the current year.

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.

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

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