National Retail Properties, Inc. (NYSE:NNN) insider Christopher Paul Tessitore sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $45.99, for a total transaction of $459,900.00. Following the completion of the transaction, the insider now directly owns 108,686 shares of the company’s stock, valued at approximately $4,998,469.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NNN stock traded down $0.40 on Friday, hitting $45.77. The stock had a trading volume of 25,998 shares, compared to its average volume of 816,353. National Retail Properties, Inc. has a twelve month low of $36.25 and a twelve month high of $46.44. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 3.55 and a beta of 0.18. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.78.

National Retail Properties (NYSE:NNN) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.26). The company had revenue of $155.50 million during the quarter, compared to analyst estimates of $154.12 million. National Retail Properties had a return on equity of 9.50% and a net margin of 50.66%. National Retail Properties’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. research analysts expect that National Retail Properties, Inc. will post 2.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were paid a $0.50 dividend. The ex-dividend date was Monday, July 30th. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 4.37%. National Retail Properties’s dividend payout ratio is presently 78.74%.

Several equities analysts have recently issued reports on the stock. Janney Montgomery Scott lowered shares of National Retail Properties from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. Citigroup boosted their price target on shares of National Retail Properties from $41.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, August 2nd. B. Riley boosted their price target on shares of National Retail Properties from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, July 4th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $46.00 price target on shares of National Retail Properties in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.89.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its stake in National Retail Properties by 37.1% in the 2nd quarter. California Public Employees Retirement System now owns 472,599 shares of the real estate investment trust’s stock worth $20,775,000 after purchasing an additional 127,770 shares during the period. Qube Research & Technologies Ltd acquired a new position in National Retail Properties in the 2nd quarter worth $215,000. Centaurus Financial Inc. acquired a new position in National Retail Properties in the 2nd quarter worth $124,000. Marshall Wace LLP acquired a new position in National Retail Properties in the 2nd quarter worth $3,697,000. Finally, Macquarie Group Ltd. boosted its stake in National Retail Properties by 100.6% in the 2nd quarter. Macquarie Group Ltd. now owns 347,159 shares of the real estate investment trust’s stock worth $15,261,000 after purchasing an additional 174,065 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of June 30, 2018, the company owned 2,846 properties in 48 states with a gross leasable area of approximately 29.4 million square feet and with a weighted average remaining lease term of 11.5 years.

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