Commonwealth Equity Services LLC reduced its stake in National Retail Properties, Inc. (NYSE:NNN) by 7.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,716 shares of the real estate investment trust’s stock after selling 8,737 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.07% of National Retail Properties worth $5,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. raised its position in National Retail Properties by 4.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 28,779 shares of the real estate investment trust’s stock valued at $1,265,000 after buying an additional 1,131 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in National Retail Properties by 29.5% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,700 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 1,299 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in National Retail Properties by 1.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 118,734 shares of the real estate investment trust’s stock valued at $5,322,000 after buying an additional 1,338 shares during the last quarter. Advisors Preferred LLC raised its position in National Retail Properties by 119.6% in the 2nd quarter. Advisors Preferred LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,346 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of National Retail Properties by 5.7% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 25,835 shares of the real estate investment trust’s stock valued at $1,158,000 after purchasing an additional 1,394 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Shares of National Retail Properties stock opened at $49.17 on Tuesday. National Retail Properties, Inc. has a 1 year low of $36.25 and a 1 year high of $49.75. The firm has a market cap of $7.82 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 4.00 and a beta of 0.03. The company has a quick ratio of 18.01, a current ratio of 18.01 and a debt-to-equity ratio of 0.91.

National Retail Properties (NYSE:NNN) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.20). National Retail Properties had a net margin of 53.44% and a return on equity of 9.91%. The business had revenue of $155.33 million for the quarter, compared to analysts’ expectations of $156.04 million. During the same period in the prior year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that National Retail Properties, Inc. will post 2.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, October 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.07%. National Retail Properties’s payout ratio is 78.74%.

Several equities research analysts have recently issued reports on NNN shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 target price on shares of National Retail Properties in a research report on Wednesday, August 1st. B. Riley raised their target price on National Retail Properties from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Citigroup raised their target price on National Retail Properties from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, August 2nd. Janney Montgomery Scott lowered National Retail Properties from a “buy” rating to a “neutral” rating in a research report on Monday, August 6th. Finally, Wells Fargo & Co set a $50.00 target price on National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. National Retail Properties currently has an average rating of “Hold” and a consensus price target of $48.00.

In other news, insider Paul Eugene Bayer sold 5,000 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $48.77, for a total transaction of $243,850.00. Following the completion of the transaction, the insider now owns 132,130 shares in the company, valued at approximately $6,443,980.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen A. Horn, Jr. sold 6,250 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $49.15, for a total value of $307,187.50. Following the transaction, the executive vice president now owns 88,183 shares of the company’s stock, valued at approximately $4,334,194.45. The disclosure for this sale can be found here. Insiders have sold a total of 64,185 shares of company stock valued at $2,982,978 in the last quarter. 0.78% of the stock is owned by corporate insiders.

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National Retail Properties Company Profile

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

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