Adelante Capital Management LLC cut its holdings in National Retail Properties (NYSE:NNN) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,333 shares of the real estate investment trust’s stock after selling 35,663 shares during the period. Adelante Capital Management LLC owned about 0.18% of National Retail Properties worth $10,687,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of National Retail Properties by 278.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 1,694 shares in the last quarter. IHT Wealth Management LLC boosted its position 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 worth $119,000 after buying an additional 28 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of National Retail Properties by 82.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,632 shares in the last quarter. Meridian Wealth Management LLC boosted its position 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 worth $234,000 after buying an additional 27 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of National Retail Properties in the 2nd quarter worth about $254,000. Institutional investors and hedge funds own 89.36% of the company’s stock.

In related news, CFO Kevin B. Habicht sold 23,499 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $40.45, for a total value of $950,534.55. Following the completion of the transaction, the chief financial officer now owns 146,386 shares in the company, valued at approximately $5,921,313.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julian E. Whitehurst sold 17,413 shares of the 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 of the company’s stock, valued at approximately $12,223,485.96. The disclosure for this sale can be found here. Insiders sold a total of 52,912 shares of company stock valued at $2,164,138 in the last quarter. 1.03% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on NNN shares. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, August 2nd. FBR & Co reiterated a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. Finally, BidaskClub upgraded shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.67.

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Shares of National Retail Properties (NYSE:NNN) traded up 0.79% on Thursday, reaching $42.24. 133,198 shares of the company traded hands. The firm has a 50-day moving average of $41.88 and a 200-day moving average of $40.89. The company has a market capitalization of $6.30 billion, a PE ratio of 31.74 and a beta of 0.37. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $48.03.

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

National Retail Properties 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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