PNC Financial Services Group Inc. Has $711,000 Position in National Retail Properties, Inc. (NYSE:NNN)

PNC Financial Services Group Inc. boosted its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,449 shares of the real estate investment trust’s stock after purchasing an additional 751 shares during the quarter. PNC Financial Services Group Inc.’s holdings in National Retail Properties were worth $711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Deutsche Bank AG grew its holdings in National Retail Properties by 193.6% during the third quarter. Deutsche Bank AG now owns 225,917 shares of the real estate investment trust’s stock valued at $9,756,000 after purchasing an additional 148,960 shares during the period. Verity & Verity LLC boosted its holdings in shares of National Retail Properties by 3.4% in the third quarter. Verity & Verity LLC now owns 117,749 shares of the real estate investment trust’s stock valued at $5,469,000 after buying an additional 3,878 shares during the period. Versor Investments LP boosted its holdings in shares of National Retail Properties by 51.4% in the third quarter. Versor Investments LP now owns 22,181 shares of the real estate investment trust’s stock valued at $958,000 after buying an additional 7,527 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of National Retail Properties by 7.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 70,850 shares of the real estate investment trust’s stock valued at $3,060,000 after buying an additional 5,120 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of National Retail Properties by 34.1% in the third quarter. Van ECK Associates Corp now owns 58,614 shares of the real estate investment trust’s stock valued at $2,532,000 after buying an additional 14,895 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

NYSE NNN opened at $46.84 on Friday. The company has a current ratio of 10.98, a quick ratio of 10.98 and a debt-to-equity ratio of 0.96. The firm’s fifty day moving average price is $46.32 and its two-hundred day moving average price is $46.53. National Retail Properties, Inc. has a 1 year low of $38.32 and a 1 year high of $50.33. The firm has a market capitalization of $8.23 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.96 and a beta of 0.88.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. National Retail Properties had a net margin of 38.98% and a return on equity of 6.95%. During the same quarter last year, the company earned $0.62 EPS. On average, research analysts anticipate that National Retail Properties, Inc. will post 2.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Monday, January 31st will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.53%. National Retail Properties’s dividend payout ratio (DPR) is currently 144.22%.

Several research analysts have recently weighed in on NNN shares. Royal Bank of Canada started coverage on shares of National Retail Properties in a report on Friday, September 17th. They issued a “sector perform” rating and a $48.00 price target for the company. Jefferies Financial Group cut shares of National Retail Properties from a “buy” rating to a “hold” rating and reduced their price target for the company from $54.00 to $50.00 in a report on Monday, January 10th. Morgan Stanley reduced their price target on shares of National Retail Properties from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, December 3rd. Finally, Zacks Investment Research lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, National Retail Properties currently has an average rating of “Hold” and an average target price of $51.13.

National Retail Properties Profile

National Retail Properties, Inc is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984 and is headquartered in Orlando, FL.

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

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