National Retail Properties (NYSE:NNN) EVP Stephen A. Horn, Jr. sold 3,500 shares of National Retail Properties stock in a transaction on Monday, November 28th. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the sale, the executive vice president now directly owns 103,924 shares in the company, valued at approximately $4,417,809.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

National Retail Properties (NYSE:NNN) opened at 42.29 on Tuesday. National Retail Properties has a 12-month low of $37.31 and a 12-month high of $53.60. The stock has a 50 day moving average of $44.42 and a 200 day moving average of $48.26. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 33.43 and a beta of 0.45.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. National Retail Properties had a net margin of 41.61% and a return on equity of 7.44%. The business earned $134.54 million during the quarter, compared to analysts’ expectations of $134.35 million. During the same period in the previous year, the company earned $0.58 earnings per share. National Retail Properties’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that National Retail Properties will post $2.33 earnings per share for the current year.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

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

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Hedge funds have recently modified their holdings of the company. Frontier Capital Management Co. LLC boosted its stake in shares of 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 worth $49,071,000 after buying an additional 28,849 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of National Retail Properties during the second quarter worth $2,667,000. State Board of Administration of Florida Retirement System boosted its stake in shares of 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 worth $10,880,000 after buying an additional 46,745 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its stake in shares of 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 worth $1,265,000 after buying an additional 6,279 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of 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 worth $1,149,000 after buying an additional 1,136 shares during the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.

Several research firms recently issued reports on NNN. Oppenheimer Holdings Inc. lifted 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 note on Wednesday, August 3rd. Wunderlich lifted their price target on shares of National Retail Properties from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. DA Davidson lifted 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 note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, BTIG Research assumed coverage on shares of National Retail Properties in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.20.

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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