Legal & General Group Plc Buys 53,676 Shares of National Retail Properties (NNN)

Legal & General Group Plc boosted its holdings in shares of National Retail Properties (NYSE:NNN) by 10.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 583,243 shares of the real estate investment trust’s stock after purchasing an additional 53,676 shares during the period. Legal & General Group Plc owned about 0.39% of National Retail Properties worth $22,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of National Retail Properties by 2.1% during the second quarter. Texas Permanent School Fund now owns 108,887 shares of the real estate investment trust’s stock worth $4,257,000 after purchasing an additional 2,287 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of National Retail Properties by 2.8% during the first quarter. Shell Asset Management Co. now owns 15,589 shares of the real estate investment trust’s stock worth $680,000 after purchasing an additional 421 shares in the last quarter. Credit Suisse AG grew its stake in National Retail Properties by 4.3% during the 1st quarter. Credit Suisse AG now owns 450,279 shares of the real estate investment trust’s stock valued at $19,641,000 after acquiring an additional 18,688 shares in the last quarter. Pacer Advisors Inc. grew its stake in National Retail Properties by 14.7% during the 1st quarter. Pacer Advisors Inc. now owns 17,262 shares of the real estate investment trust’s stock valued at $753,000 after acquiring an additional 2,216 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in National Retail Properties by 0.7% during the 1st quarter. Nationwide Fund Advisors now owns 245,824 shares of the real estate investment trust’s stock valued at $10,723,000 after acquiring an additional 1,618 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

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Shares of National Retail Properties (NNN) traded up 0.86% during mid-day trading on Friday, hitting $43.17. 1,229,071 shares of the company traded hands. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 32.43 and a beta of 0.36. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $52.27. The firm has a 50-day moving average price of $41.25 and a 200 day moving average price of $41.06.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The firm had revenue of $145.55 million during the quarter, compared to analyst estimates of $142.83 million. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. Equities research analysts anticipate that National Retail Properties will post $1.45 EPS for the current fiscal year.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $41.11, for a total value of $411,100.00. Following the completion of the transaction, the executive vice president now directly owns 90,462 shares in the company, valued at $3,718,892.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle Lynn Miller sold 2,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $40.28, for a total value of $80,560.00. Following the completion of the transaction, the executive vice president now owns 21,267 shares of the company’s stock, valued at $856,634.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,912 shares of company stock valued at $2,164,138. 1.03% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. National Retail Properties has an average rating of “Hold” and a consensus price target of $45.86.

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.

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

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