Cadence Capital Management LLC lifted its holdings in National Retail Properties (NYSE:NNN) by 31.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,325 shares of the real estate investment trust’s stock after acquiring an additional 2,698 shares during the period. Cadence Capital Management LLC’s holdings in National Retail Properties were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 1,632 shares in the last quarter. Timber Hill LLC bought a new position in shares of National Retail Properties in the 3rd quarter worth about $212,000. BB&T Investment Services Inc. bought a new position in shares of National Retail Properties in the 2nd quarter worth about $212,000. Raymond James Trust N.A. bought a new position in shares of National Retail Properties in the 3rd quarter worth about $231,000. Finally, CIBC Asset Management Inc bought a new position in shares of National Retail Properties in the 3rd quarter worth about $236,000. 90.55% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on NNN. Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, September 11th. B. Riley set a $52.00 price objective on National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Robert W. Baird reissued a “buy” rating and issued a $46.00 price objective on shares of National Retail Properties in a research report on Friday, October 20th. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, October 11th. Finally, FBR & Co reissued a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. National Retail Properties has a consensus rating of “Buy” and an average target price of $47.71.

Shares of National Retail Properties (NNN) traded down $0.41 during trading on Wednesday, reaching $41.54. The company had a trading volume of 611,100 shares, compared to its average volume of 1,096,743. National Retail Properties has a twelve month low of $36.45 and a twelve month high of $46.34. The company has a market cap of $6,378.64, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Monday, October 30th. National Retail Properties’s payout ratio is 135.72%.

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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.

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

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