Green Street Investors LLC acquired a new stake in National Retail Properties, Inc. (NYSE:NNN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 277,100 shares of the real estate investment trust’s stock, valued at approximately $11,951,000. National Retail Properties makes up approximately 6.6% of Green Street Investors LLC’s holdings, making the stock its 4th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NNN. Independent Advisor Alliance purchased a new stake in shares of National Retail Properties during the third quarter worth about $204,000. BB&T Investment Services Inc. purchased a new stake in shares of National Retail Properties during the second quarter worth about $212,000. Timber Hill LLC purchased a new stake in shares of National Retail Properties during the third quarter worth about $212,000. Raymond James Trust N.A. purchased a new stake in shares of National Retail Properties during the third quarter worth about $231,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of National Retail Properties during the third quarter worth about $236,000. 90.60% of the stock is owned by institutional investors.

National Retail Properties, Inc. (NYSE NNN) traded up $0.40 on Tuesday, reaching $40.73. 829,900 shares of the company were exchanged, compared to its average volume of 755,686. The firm has a market capitalization of $6,270.00, a price-to-earnings ratio of 33.39, a PEG ratio of 3.17 and a beta of 0.39. National Retail Properties, Inc. has a 52-week low of $36.45 and a 52-week high of $46.34. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $147.71 million for the quarter, compared to analyst estimates of $146.57 million. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. National Retail Properties’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. equities analysts anticipate that National Retail Properties, Inc. will post 2.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.475 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.90 dividend on an annualized basis and a yield of 4.66%. National Retail Properties’s payout ratio is presently 155.74%.

A number of analysts have recently commented on NNN shares. UBS Group raised shares of National Retail Properties from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Thursday, November 9th. Zacks Investment Research cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating and set a $46.00 target price on shares of National Retail Properties in a research note on Friday, October 20th. B. Riley set a $52.00 target price on shares of National Retail Properties and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of National Retail Properties in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. National Retail Properties presently has an average rating of “Buy” and an average target price of $47.71.

In other National Retail Properties news, CFO Kevin B. Habicht sold 20,664 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $42.60, for a total value of $880,286.40. Following the transaction, the chief financial officer now directly owns 125,722 shares in the company, valued at approximately $5,355,757.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $43.03, for a total transaction of $32,272.50. Following the completion of the transaction, the executive vice president now owns 20,517 shares in the company, valued at $882,846.51. The disclosure for this sale can be found here. Insiders have sold 821,414 shares of company stock worth $947,559 over the last 90 days. 1.03% of the stock is currently owned by company insiders.

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National Retail Properties 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.

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

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