Citigroup Inc. boosted its stake in shares of National Retail Properties (NYSE:NNN) by 24.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 240,498 shares of the real estate investment trust’s stock after buying an additional 46,533 shares during the period. Citigroup Inc. owned 0.16% of National Retail Properties worth $9,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC lifted its stake in shares of National Retail Properties by 0.5% in the 2nd quarter. Meridian Wealth Management LLC now owns 5,977 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 27 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of National Retail Properties by 1.0% in the 1st quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 28 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of National Retail Properties by 0.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 35,731 shares of the real estate investment trust’s stock valued at $1,397,000 after purchasing an additional 144 shares during the last quarter. World Asset Management Inc lifted its stake in shares of National Retail Properties by 1.7% in the 1st quarter. World Asset Management Inc now owns 11,207 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 184 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of National Retail Properties by 0.6% in the 1st 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 purchasing an additional 190 shares during the last quarter. 89.36% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on NNN. Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, September 11th. FBR & Co reaffirmed a “buy” rating and issued a $52.00 price target on shares of National Retail Properties in a research note on Thursday, September 7th. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, August 2nd. Finally, BidaskClub raised National Retail Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. National Retail Properties has an average rating of “Hold” and a consensus price target of $45.86.

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In related news, EVP Michelle Lynn Miller sold 2,000 shares of National Retail Properties stock in a transaction 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 transaction, the executive vice president now owns 21,267 shares in the company, valued at $856,634.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Julian E. Whitehurst sold 17,413 shares of National Retail Properties stock in a transaction on Thursday, August 24th. The shares were 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 approximately $12,223,485.96. The disclosure for this sale can be found here. Insiders sold 52,912 shares of company stock worth $2,164,138 in the last quarter. 1.03% of the stock is owned by insiders.

National Retail Properties (NYSE NNN) traded up 0.33% during midday trading on Thursday, hitting $42.80. The company had a trading volume of 57,550 shares. The stock has a 50 day moving average of $41.42 and a 200 day moving average of $40.98. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $52.27. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 32.16 and a beta of 0.36.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $142.83 million. During the same quarter last year, the business earned $0.60 EPS. National Retail Properties’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts anticipate that National Retail Properties will post $1.45 EPS for the current year.

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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