Bank of Montreal Can increased its stake in shares of National Retail Properties (NYSE:NNN) by 25.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,610 shares of the real estate investment trust’s stock after buying an additional 9,301 shares during the period. Bank of Montreal Can’s holdings in National Retail Properties were worth $1,783,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of National Retail Properties by 1.0% in the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 28 shares during the period. Private Trust Co. NA raised its stake in shares of National Retail Properties by 0.7% in the first quarter. Private Trust Co. NA now owns 9,242 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 61 shares during the period. World Asset Management Inc raised its stake in shares of National Retail Properties by 1.7% in the first quarter. World Asset Management Inc now owns 11,207 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 184 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of National Retail Properties by 0.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 34,490 shares of the real estate investment trust’s stock valued at $1,504,000 after buying an additional 190 shares during the period. Finally, Utah Retirement Systems raised its stake in shares of National Retail Properties by 1.0% in the first quarter. Utah Retirement Systems now owns 30,381 shares of the real estate investment trust’s stock valued at $1,326,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 89.86% of the company’s stock.

Shares of National Retail Properties (NNN) traded up 1.38% during mid-day trading on Monday, reaching $40.47. 260,837 shares of the company’s stock were exchanged. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 30.41 and a beta of 0.38. The stock has a 50 day moving average price of $39.68 and a 200 day moving average price of $41.50. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $52.27.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by $0.29. The firm had revenue of $145.55 million during the quarter, compared to analyst estimates of $142.83 million. National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. National Retail Properties’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Equities research analysts predict that National Retail Properties will post $1.46 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.475 dividend. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.90 annualized dividend and a dividend yield of 4.76%. National Retail Properties’s dividend payout ratio (DPR) is presently 142.86%.

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Several analysts recently issued reports on the stock. BidaskClub upgraded shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.67.

In other news, EVP Michelle Lynn Miller sold 2,000 shares of National Retail Properties stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $40.28, for a total value of $80,560.00. Following the completion of the transaction, the executive vice president now owns 21,267 shares in the company, valued at approximately $856,634.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.03% of the stock is currently owned by company insiders.

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 primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

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

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