Swiss National Bank lifted its position in National Retail Properties (NYSE:NNN) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 549,800 shares of the real estate investment trust’s stock after acquiring an additional 13,300 shares during the period. Swiss National Bank owned 368,424.58% of National Retail Properties worth $22,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NNN. Teachers Advisors LLC increased its position in shares of National Retail Properties by 4.5% in the 1st quarter. Teachers Advisors LLC now owns 157,850 shares of the real estate investment trust’s stock valued at $6,885,000 after acquiring an additional 6,749 shares during the period. Capstone Asset Management Co. increased its position in shares of National Retail Properties by 7.2% in the 2nd quarter. Capstone Asset Management Co. now owns 15,599 shares of the real estate investment trust’s stock valued at $610,000 after acquiring an additional 1,050 shares during the period. Bank of Montreal Can increased its position in shares of National Retail Properties by 25.6% in the 2nd quarter. Bank of Montreal Can now owns 45,610 shares of the real estate investment trust’s stock valued at $1,783,000 after acquiring an additional 9,301 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of National Retail Properties by 524.6% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 23,785 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 19,977 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of National Retail Properties by 33.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 68,791 shares of the real estate investment trust’s stock valued at $2,690,000 after acquiring an additional 17,319 shares during the period. 87.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National Retail Properties (NYSE NNN) opened at $42.54 on Friday. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $46.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66. The company has a market cap of $6,468.33, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 3.49 and a beta of 0.40.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The company had revenue of $147.71 million for the quarter, compared to analyst estimates of $146.57 million. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. equities research analysts anticipate that National Retail Properties will post 2.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Monday, October 30th. National Retail Properties’s payout ratio is 135.72%.

In other National Retail Properties news, insider Julian E. Whitehurst sold 17,413 shares of the company’s 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 sale, the insider now directly owns 294,826 shares of the company’s stock, valued at $12,223,485.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 817,413 shares of company stock worth $756,943. 1.03% of the stock is owned by corporate insiders.

NNN has been the topic of several research reports. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of National Retail Properties in a research report on Thursday, November 2nd. FBR & Co reissued a “buy” rating and issued a $52.00 target price on shares of National Retail Properties in a research report on Thursday, September 7th. B. Riley set a $52.00 target price on National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, November 14th. UBS AG raised National Retail Properties from a “sell” rating to a “neutral” rating and upped their target price for the company from $36.00 to $42.00 in a research report on Thursday, November 9th. Finally, Robert W. Baird reissued a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.71.

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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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