National Retail Properties (NYSE:NNN) declared a quarterly dividend on Friday, October 14th. Stockholders of record on Monday, October 31st will be given a dividend of 0.455 per share by the real estate investment trust on Tuesday, November 15th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.84%.

National Retail Properties (NYSE:NNN) opened at 47.37 on Friday. National Retail Properties has a 1-year low of $35.67 and a 1-year high of $53.60. The stock has a 50 day moving average price of $49.61 and a 200-day moving average price of $48.59. The stock has a market capitalization of $6.96 billion, a P/E ratio of 36.05 and a beta of 0.35.

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

Dividend History for National Retail Properties (NYSE:NNN)

In related news, EVP Michelle Lynn Miller sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 21,367 shares of the company’s stock, valued at approximately $1,093,349.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Paul Tessitore sold 7,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 116,202 shares of the company’s stock, valued at approximately $5,964,648.66. The disclosure for this sale can be found here. Corporate insiders own 1.25% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Highbridge Capital Management LLC bought a new position in National Retail Properties during the second quarter worth $2,069,000. Jane Street Group LLC boosted its position in National Retail Properties by 383.9% in the second quarter. Jane Street Group LLC now owns 21,302 shares of the real estate investment trust’s stock worth $1,102,000 after buying an additional 16,900 shares during the last quarter. AQR Capital Management LLC boosted its position in National Retail Properties by 153.5% in the second quarter. AQR Capital Management LLC now owns 105,954 shares of the real estate investment trust’s stock worth $5,480,000 after buying an additional 64,150 shares during the last quarter. Panagora Asset Management Inc. boosted its position in National Retail Properties by 20.4% in the second quarter. Panagora Asset Management Inc. now owns 31,757 shares of the real estate investment trust’s stock worth $1,642,000 after buying an additional 5,383 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in National Retail Properties by 85.6% in the second quarter. Guggenheim Capital LLC now owns 98,735 shares of the real estate investment trust’s stock worth $5,106,000 after buying an additional 45,526 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on NNN shares. FBR & Co started coverage on shares of National Retail Properties in a research report on Wednesday. They set an “outperform” rating and a $56.00 price target for the company. DA Davidson upped their price target on shares of National Retail Properties from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. upped their price target on shares of National Retail Properties from $51.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. upped their price target on shares of National Retail Properties from $40.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $51.95.

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.

5 Day Chart for NYSE:NNN

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