Voya Investment Management LLC trimmed its position in shares of National Retail Properties (NYSE:NNN) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,652 shares of the real estate investment trust’s stock after selling 1,406 shares during the period. Voya Investment Management LLC’s holdings in National Retail Properties were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NNN. Tower Research Capital LLC TRC raised its holdings in shares of National Retail Properties by 278.6% during the 1st 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. Northwestern Mutual Wealth Management Co. raised its holdings in shares of National Retail Properties by 82.7% during the 2nd 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 holdings in shares of National Retail Properties by 0.5% during the 2nd 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. Cutter & CO Brokerage Inc. purchased a new stake in shares of National Retail Properties during the 2nd quarter worth approximately $254,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of National Retail Properties during the 1st quarter worth approximately $266,000. 89.22% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Robert W. Baird restated a “buy” rating and set a $46.00 price target on shares of National Retail Properties in a report on Friday. Zacks Investment Research lowered National Retail Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Ladenburg Thalmann Financial Services upgraded National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, September 11th. Finally, FBR & Co restated a “buy” rating and set a $52.00 price target on shares of National Retail Properties in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $47.33.

In other news, EVP Michelle Lynn Miller sold 2,000 shares of National Retail Properties 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 completion of the sale, the executive vice president now directly owns 21,267 shares of the company’s stock, valued at $856,634.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin B. Habicht sold 23,499 shares of National Retail Properties stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.45, for a total value of $950,534.55. Following the completion of the sale, the chief financial officer now directly owns 146,386 shares of the company’s stock, valued at $5,921,313.70. The disclosure for this sale can be found here. Insiders sold 52,912 shares of company stock valued at $2,164,138 over the last ninety days. Insiders own 1.03% of the company’s stock.

National Retail Properties (NYSE NNN) opened at 41.99 on Friday. The firm has a 50-day moving average price of $42.24 and a 200 day moving average price of $40.79. The company has a market cap of $6.27 billion, a P/E ratio of 31.55 and a beta of 0.37. National Retail Properties has a 12 month low of $36.45 and a 12 month high of $48.03.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.29). National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The firm had revenue of $145.55 million during the quarter, compared to analyst estimates of $142.83 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that National Retail Properties will post $1.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a $0.475 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.52%. National Retail Properties’s payout ratio is presently 142.86%.

WARNING: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/10/20/voya-investment-management-llc-sells-1406-shares-of-national-retail-properties-nnn.html.

National Retail Properties Company Profile

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)

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.