National Retail Properties, Inc. (NYSE:NNN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.77 and last traded at $49.94, with a volume of 62900 shares changing hands. The stock had previously closed at $49.06.

Several research firms have issued reports on NNN. Zacks Investment Research raised shares of National Retail Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. B. Riley boosted their price objective on shares of National Retail Properties from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 5th. ValuEngine raised shares of National Retail Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. LADENBURG THALM/SH SH set a $48.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, Stifel Nicolaus boosted their price objective on shares of National Retail Properties from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $48.00.

The stock has a market cap of $7.82 billion, a PE ratio of 19.35, a PEG ratio of 4.00 and a beta of 0.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 18.01 and a current ratio of 18.01.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were given a $0.50 dividend. 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 presently 78.74%.

In other news, insider Christopher Paul Tessitore sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $45.99, for a total value of $459,900.00. Following the completion of the sale, the insider now owns 108,686 shares of the company’s stock, valued at approximately $4,998,469.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Eugene Bayer sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 132,130 shares of the company’s stock, valued at approximately $6,443,980.10. The disclosure for this sale can be found here. Insiders sold a total of 64,185 shares of company stock valued at $2,982,978 in the last ninety days. Corporate insiders own 0.78% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of National Retail Properties by 24.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,607,851 shares of the real estate investment trust’s stock worth $290,482,000 after acquiring an additional 1,282,200 shares in the last quarter. BlackRock Inc. raised its stake in shares of National Retail Properties by 4.0% during the 2nd quarter. BlackRock Inc. now owns 21,558,636 shares of the real estate investment trust’s stock worth $947,718,000 after acquiring an additional 832,861 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of National Retail Properties by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,694,518 shares of the real estate investment trust’s stock worth $210,409,000 after acquiring an additional 509,019 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of National Retail Properties during the 3rd quarter worth approximately $22,571,000. Finally, Russell Investments Group Ltd. raised its stake in shares of National Retail Properties by 366.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 433,746 shares of the real estate investment trust’s stock worth $19,071,000 after acquiring an additional 340,740 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

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About National Retail Properties (NYSE:NNN)

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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