National Retail Properties (NYSE:NNN) has earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company. Seven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $51.28.

NNN has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on shares of National Retail Properties in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Stifel Nicolaus lifted their price target on shares of National Retail Properties from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, July 11th. DA Davidson lifted their price target on shares of National Retail Properties from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, July 15th. Finally, Citigroup Inc. lifted their price target on shares of National Retail Properties from $40.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th.

In other National Retail Properties news, EVP Michelle Lynn Miller sold 1,000 shares of National Retail Properties stock in a transaction on Monday, August 15th. The shares were sold at an average price of $51.17, for a total transaction of $51,170.00. Following the sale, the executive vice president now owns 21,367 shares in the company, valued at $1,093,349.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Paul Tessitore sold 7,000 shares of National Retail Properties stock in a transaction on Friday, August 12th. The stock was sold at an average price of $51.33, for a total transaction of $359,310.00. Following the sale, the insider now owns 116,202 shares in the company, valued at approximately $5,964,648.66. The disclosure for this sale can be found here. Company insiders own 1.25% of the company’s stock.

Large investors have recently bought and sold shares of the company. NEXT Financial Group Inc increased its stake in National Retail Properties by 134.9% in the second quarter. NEXT Financial Group Inc now owns 2,636 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,514 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of National Retail Properties during the second quarter valued at approximately $155,000. Canada Pension Plan Investment Board increased its stake in shares of National Retail Properties by 6.3% in the first quarter. Canada Pension Plan Investment Board now owns 3,400 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 200 shares in the last quarter. FCA Corp TX purchased a new stake in shares of National Retail Properties during the second quarter valued at approximately $207,000. Finally, Bailard Inc. purchased a new stake in shares of National Retail Properties during the second quarter valued at approximately $207,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

National Retail Properties (NYSE:NNN) traded up 1.16% on Wednesday, hitting $47.00. 346,506 shares of the stock were exchanged. The company’s 50 day moving average is $49.83 and its 200 day moving average is $48.61. National Retail Properties has a 1-year low of $35.67 and a 1-year high of $53.60. The stock has a market cap of $6.91 billion, a PE ratio of 35.77 and a beta of 0.35.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. National Retail Properties had a net margin of 43.41% and a return on equity of 7.88%. The company had revenue of $130.92 million for the quarter, compared to analyst estimates of $129.73 million. During the same quarter last year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that National Retail Properties will post $2.34 earnings per share for the current year.

About National Retail Properties

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 held for investment. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.

5 Day Chart for NYSE:NNN

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