Rhumbline Advisers Purchases 31,033 Shares of National Retail Properties (NNN)

Rhumbline Advisers boosted its position in National Retail Properties (NYSE:NNN) by 9.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 357,403 shares of the real estate investment trust’s stock after buying an additional 31,033 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of National Retail Properties worth $14,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC increased its position in National Retail Properties by 0.5% in the second quarter. Meridian Wealth Management LLC now owns 5,977 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 27 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in National Retail Properties by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 35,731 shares of the real estate investment trust’s stock worth $1,397,000 after buying an additional 144 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its position in shares of National Retail Properties by 3.3% in the second quarter. McKinley Carter Wealth Services Inc. now owns 7,467 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 238 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of National Retail Properties by 1.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,766 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 259 shares in the last quarter. Finally, Suntrust Banks Inc. grew its position in shares of National Retail Properties by 3.7% in the second quarter. Suntrust Banks Inc. now owns 10,848 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 385 shares in the last quarter. 88.93% of the stock is owned by institutional investors and hedge funds.

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

National Retail Properties (NYSE:NNN) opened at $42.55 on Thursday. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $46.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 7.66 and a current ratio of 7.66. The company has a market capitalization of $6,486.59, a PE ratio of 16.93, a P/E/G ratio of 3.50 and a beta of 0.40.

National Retail Properties (NYSE:NNN) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $146.57 million. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. equities research analysts predict that National Retail Properties will post 2.53 EPS for the current year.

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

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About National Retail Properties

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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