Tompkins Financial Corp bought a new stake in National Retail Properties (NYSE:NNN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,127 shares of the real estate investment trust’s stock, valued at approximately $1,989,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NNN. Frontier Capital Management Co. LLC boosted its position in National Retail Properties by 3.1% in the second quarter. Frontier Capital Management Co. LLC now owns 948,789 shares of the real estate investment trust’s stock valued at $49,071,000 after buying an additional 28,849 shares during the last quarter. Bank of Montreal Can bought a new position in National Retail Properties during the second quarter valued at $2,667,000. State Board of Administration of Florida Retirement System boosted its position in National Retail Properties by 28.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 210,365 shares of the real estate investment trust’s stock valued at $10,880,000 after buying an additional 46,745 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in National Retail Properties by 34.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 24,463 shares of the real estate investment trust’s stock valued at $1,265,000 after buying an additional 6,279 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in National Retail Properties by 5.4% in the second quarter. Stephens Inc. AR now owns 22,207 shares of the real estate investment trust’s stock valued at $1,149,000 after buying an additional 1,136 shares during the last quarter. 95.94% of the stock is owned by institutional investors and hedge funds.

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

Shares of National Retail Properties (NYSE:NNN) traded down 0.38% during trading on Monday, hitting $42.29. 1,553,620 shares of the company were exchanged. The firm has a market capitalization of $6.22 billion, a PE ratio of 33.43 and a beta of 0.45. National Retail Properties has a 12 month low of $37.31 and a 12 month high of $53.60. The firm’s 50-day moving average price is $44.42 and its 200 day moving average price is $48.26.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $134.54 million for the quarter, compared to the consensus estimate of $134.35 million. National Retail Properties had a net margin of 41.61% and a return on equity of 7.44%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. On average, equities research analysts expect that National Retail Properties will post $2.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 4.30%. The ex-dividend date was Thursday, October 27th. National Retail Properties’s dividend payout ratio is presently 144.45%.

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NNN has been the subject of a number of research reports. Zacks Investment Research cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Friday, August 5th. DA Davidson reaffirmed a “hold” rating on shares of National Retail Properties in a report on Friday, November 11th. Oppenheimer Holdings Inc. upped their target price on shares of National Retail Properties from $51.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Wunderlich upped their target price on shares of National Retail Properties from $43.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Robert W. Baird raised shares of National Retail Properties from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $54.00 to $50.00 in a report on Monday, November 21st. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. National Retail Properties presently has an average rating of “Hold” and an average price target of $52.20.

In related news, EVP Stephen A. Horn, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $42.51, for a total value of $148,785.00. Following the transaction, the executive vice president now owns 103,924 shares of the company’s stock, valued at approximately $4,417,809.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.25% of the stock is currently owned by corporate insiders.

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.

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