FBR & Co assumed coverage on shares of National Retail Properties (NYSE:NNN) in a research report report published on Wednesday morning. The firm issued an outperform rating and a $56.00 target price on the real estate investment trust’s stock.

NNN has been the subject of a number of other reports. Citigroup Inc. boosted 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. DA Davidson boosted 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. Wunderlich boosted their price target on shares of National Retail Properties from $43.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, August 3rd. Oppenheimer Holdings Inc. boosted their price target on shares of National Retail Properties from $51.00 to $59.00 and gave the company an outperform rating in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research cut shares of National Retail Properties from a buy rating to a hold rating in a research report on Friday, August 5th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $51.95.

Shares of National Retail Properties (NYSE:NNN) opened at 46.99 on Wednesday. The stock’s 50 day moving average price is $49.71 and its 200-day moving average price is $48.60. The firm has a market capitalization of $6.91 billion, a PE ratio of 35.76 and a beta of 0.35. National Retail Properties has a 52-week low of $35.67 and a 52-week high of $53.60.

National Retail Properties (NYSE:NNN) last released its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The business earned $130.92 million during the quarter, compared to analysts’ expectations of $129.73 million. National Retail Properties had a net margin of 43.41% and a return on equity of 7.88%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. Equities research analysts anticipate that National Retail Properties will post $2.34 EPS for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the company. Hexavest Inc. bought a new position in National Retail Properties during the third quarter worth $114,000. NEXT Financial Group Inc increased its position 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. bought a new position in National Retail Properties during the second quarter worth $155,000. Canada Pension Plan Investment Board increased its position in 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 worth $157,000 after buying an additional 200 shares in the last quarter. Finally, FCA Corp TX bought a new position in National Retail Properties during the second quarter worth $207,000. 94.27% of the stock is currently owned by institutional investors.

National Retail Properties Company 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 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.

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