Prudential Financial Inc. lowered its position in National Retail Properties (NYSE:NNN) by 18.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,547,747 shares of the real estate investment trust’s stock after selling 339,109 shares during the period. Prudential Financial Inc. owned 1.05% of National Retail Properties worth $78,703,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in National Retail Properties by 5.1% in the first quarter. Legal & General Group Plc now owns 301,787 shares of the real estate investment trust’s stock worth $13,943,000 after buying an additional 14,704 shares during the last quarter. Arizona State Retirement System raised its stake in shares of National Retail Properties by 7.3% in the first quarter. Arizona State Retirement System now owns 72,079 shares of the real estate investment trust’s stock worth $3,330,000 after buying an additional 4,900 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of National Retail Properties by 184.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,583 shares of the real estate investment trust’s stock worth $1,182,000 after buying an additional 16,582 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of National Retail Properties by 94.6% in the second quarter. BNP Paribas Arbitrage SA now owns 78,533 shares of the real estate investment trust’s stock worth $4,062,000 after buying an additional 38,175 shares during the period. Finally, First Financial Bank N.A. Trust Division raised its stake in shares of National Retail Properties by 2.1% in the second quarter. First Financial Bank N.A. Trust Division now owns 100,784 shares of the real estate investment trust’s stock worth $5,212,000 after buying an additional 2,090 shares during the period. Institutional investors own 95.94% of the company’s stock.

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

National Retail Properties (NYSE:NNN) opened at 42.99 on Wednesday. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 33.98 and a beta of 0.45. The firm’s 50-day moving average is $44.42 and its 200 day moving average is $48.26. National Retail Properties has a 1-year low of $37.31 and a 1-year high of $53.60.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Thursday, October 27th. National Retail Properties’s payout ratio is 144.45%.

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A number of equities research analysts have issued reports on the stock. DA Davidson reaffirmed a “hold” rating on shares of National Retail Properties in a report on Friday, November 11th. Wunderlich increased their price objective 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. BTIG Research assumed coverage on shares of National Retail Properties in a report on Thursday, August 25th. They set a “neutral” rating for the company. Oppenheimer Holdings Inc. increased their price objective 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. Finally, Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $52.20.

In other news, EVP Stephen A. Horn, Jr. sold 3,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 103,924 shares of the company’s stock, valued at approximately $4,417,809.24. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.25% of the company’s stock.

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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