Christopher Paul Tessitore Sells 20,000 Shares of National Retail Properties, Inc. (NNN) Stock

National Retail Properties, Inc. (NYSE:NNN) insider Christopher Paul Tessitore sold 20,000 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $44.39, for a total transaction of $887,800.00. Following the completion of the transaction, the insider now owns 132,401 shares in the company, valued at approximately $5,877,280.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of National Retail Properties, Inc. (NYSE:NNN) traded down 0.86% during midday trading on Monday, hitting $43.98. 534,310 shares of the stock were exchanged. The stock has a market cap of $6.48 billion, a P/E ratio of 31.87 and a beta of 0.39. The firm has a 50 day moving average of $43.95 and a 200-day moving average of $45.23. National Retail Properties, Inc. has a 12 month low of $39.86 and a 12 month high of $53.60.

National Retail Properties (NYSE:NNN) last released its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.29. National Retail Properties had a net margin of 44.88% and a return on equity of 8.13%. The business earned $141.20 million during the quarter, compared to analyst estimates of $137.23 million. During the same quarter last year, the business earned $0.57 earnings per share. National Retail Properties’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that National Retail Properties, Inc. will post $1.40 EPS for the current year.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

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A number of institutional investors have recently added to or reduced their stakes in the stock. Hexavest Inc. acquired a new position in National Retail Properties during the third quarter valued at approximately $114,000. CIBC World Markets Inc. acquired a new position in National Retail Properties during the third quarter valued at approximately $203,000. Independent Advisor Alliance acquired a new position in National Retail Properties during the fourth quarter valued at approximately $216,000. Boothbay Fund Management LLC acquired a new position in National Retail Properties during the fourth quarter valued at approximately $231,000. Finally, Meridian Wealth Management LLC acquired a new position in National Retail Properties during the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

NNN has been the topic of a number of research reports. Robert W. Baird raised shares of National Retail Properties from a “neutral” rating to an “outperform” rating and cut their target price for the company from $54.00 to $50.00 in a research note on Monday, November 21st. Bank of America Corp lowered shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research note on Monday, December 5th. FBR & Co set a $56.00 target price on shares of National Retail Properties and gave the company a “buy” rating in a research note on Tuesday, December 6th. Finally, Zacks Investment Research lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $52.30.

National Retail Properties Company 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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