PGGM Investments lifted its stake in shares of National Retail Properties (NYSE:NNN) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,090,029 shares of the real estate investment trust’s stock after purchasing an additional 143,000 shares during the quarter. PGGM Investments owned 2.07% of National Retail Properties worth $128,731,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of National Retail Properties by 278.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 1,694 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of National Retail Properties by 82.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 1,632 shares during the period. BB&T Investment Services Inc. bought a new stake in shares of National Retail Properties during the 2nd quarter valued at $212,000. Meridian Wealth Management LLC raised its stake in shares of National Retail Properties by 8.3% during the 1st quarter. Meridian Wealth Management LLC now owns 5,950 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 455 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of National Retail Properties during the 1st quarter valued at $266,000. Institutional investors own 89.22% of the company’s stock.

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A number of analysts recently issued reports on NNN shares. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, August 2nd. FBR & Co reiterated a “buy” rating and set a $52.00 price objective on shares of National Retail Properties in a research note on Thursday, September 7th. Ladenburg Thalmann Financial Services upgraded National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Monday, September 11th. Finally, Robert W. Baird reiterated a “buy” rating and set a $46.00 price objective on shares of National Retail Properties in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.33.

In other news, EVP Michelle Lynn Miller sold 2,000 shares of National Retail Properties stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $40.28, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julian E. Whitehurst sold 17,413 shares of National Retail Properties 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 sale, the insider now directly owns 294,826 shares in the company, valued at $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 over the last ninety days. Insiders own 1.03% of the company’s stock.

National Retail Properties (NNN) traded down 0.64% during trading on Friday, reaching $41.72. The company had a trading volume of 797,823 shares. The firm has a market capitalization of $6.23 billion, a P/E ratio of 31.34 and a beta of 0.37. The firm’s 50-day moving average price is $42.24 and its 200 day moving average price is $40.79. National Retail Properties has a one year low of $36.45 and a one year high of $48.03.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share (EPS) 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 firm had revenue of $145.55 million during the quarter, compared to the consensus estimate of $142.83 million. During the same period last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities analysts forecast that National Retail Properties will post $1.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a $0.475 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.90 annualized dividend and a dividend yield of 4.55%. National Retail Properties’s dividend payout ratio (DPR) is 142.86%.

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.

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

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