National Retail Properties (NYSE:NNN) was upgraded by investment analysts at Ladenburg Thalmann Financial Services from a “neutral” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $47.00 price target on the real estate investment trust’s stock. Ladenburg Thalmann Financial Services’ price objective indicates a potential upside of 10.38% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, FBR & Co reiterated a “buy” rating and set a $52.00 target price on shares of National Retail Properties in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. National Retail Properties has an average rating of “Hold” and a consensus target price of $45.86.

Shares of National Retail Properties (NNN) opened at 42.58 on Monday. National Retail Properties has a one year low of $36.45 and a one year high of $52.27. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 31.99 and a beta of 0.36. The company has a 50-day moving average of $40.99 and a 200 day moving average of $41.08.

National Retail Properties (NYSE:NNN) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.29). National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The business had revenue of $145.55 million for the quarter, compared to analysts’ expectations of $142.83 million. During the same quarter last year, the company posted $0.60 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast that National Retail Properties will post $1.45 earnings per share for the current fiscal year.

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In other news, EVP Stephen A. Horn, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $41.11, for a total value of $411,100.00. Following the transaction, the executive vice president now directly owns 90,462 shares in the company, valued at approximately $3,718,892.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julian E. Whitehurst sold 17,413 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $41.46, for a total value of $721,942.98. Following the completion of the transaction, the insider now owns 294,826 shares in the company, valued at $12,223,485.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,912 shares of company stock worth $2,164,138. Company insiders own 1.03% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NNN. Shell Asset Management Co. raised its holdings in shares of National Retail Properties by 2.8% in the 1st quarter. Shell Asset Management Co. now owns 15,589 shares of the real estate investment trust’s stock worth $680,000 after purchasing an additional 421 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of National Retail Properties by 3.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 130,161 shares of the real estate investment trust’s stock worth $5,673,000 after purchasing an additional 4,073 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of National Retail Properties by 1.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 216,865 shares of the real estate investment trust’s stock worth $9,460,000 after purchasing an additional 2,100 shares during the period. First Trust Advisors LP raised its holdings in shares of National Retail Properties by 79.4% in the 1st quarter. First Trust Advisors LP now owns 179,897 shares of the real estate investment trust’s stock worth $7,847,000 after purchasing an additional 79,615 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of National Retail Properties in the 1st quarter worth about $443,000. Institutional investors own 89.23% of the company’s stock.

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.

Analyst Recommendations for National Retail Properties (NYSE:NNN)

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