HighTower Advisors LLC increased its holdings in National Retail Properties (NYSE:NNN) by 85.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,465 shares of the real estate investment trust’s stock after buying an additional 5,743 shares during the period. HighTower Advisors LLC’s holdings in National Retail Properties were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of NNN. Tower Research Capital LLC TRC raised its stake in National Retail Properties by 278.6% in the first 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 raised its stake in 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 worth $119,000 after buying an additional 28 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in National Retail Properties by 82.7% in the second 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 raised its stake in National Retail Properties by 0.5% in the second 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. bought a new position in National Retail Properties in the second quarter worth approximately $254,000. 89.22% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “HighTower Advisors LLC Acquires 5,743 Shares of National Retail Properties (NNN)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/19/hightower-advisors-llc-acquires-5743-shares-of-national-retail-properties-nnn.html.

National Retail Properties (NYSE:NNN) opened at 42.37 on Thursday. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $48.03. The company has a 50-day moving average of $42.21 and a 200-day moving average of $40.78. The company has a market cap of $6.32 billion, a P/E ratio of 31.83 and a beta of 0.37.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $145.55 million during the quarter, compared to analysts’ expectations of $142.83 million. During the same period in the prior year, the business earned $0.60 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts predict that National Retail Properties will post $1.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a $0.475 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.90 annualized dividend and a yield of 4.48%. National Retail Properties’s dividend payout ratio is presently 142.86%.

NNN has been the subject of a number of recent research reports. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, September 11th. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, August 2nd. Finally, FBR & Co reissued a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.00.

In other news, CFO Kevin B. Habicht sold 23,499 shares of National Retail Properties stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.45, for a total transaction of $950,534.55. Following the completion of the sale, the chief financial officer now directly owns 146,386 shares of the company’s stock, valued at approximately $5,921,313.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $80,560.00. Following the sale, the executive vice president now directly owns 21,267 shares of the company’s stock, valued at $856,634.76. 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 three months. 1.03% of the stock is currently owned by corporate insiders.

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 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.

Want to see what other hedge funds are holding NNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Retail Properties (NYSE:NNN).

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

Receive News & Stock Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related stocks with our FREE daily email newsletter.