Amundi Pioneer Asset Management Inc. Has $15.45 Million Holdings in National Retail Properties, Inc. (NNN)

Amundi Pioneer Asset Management Inc. grew its position in National Retail Properties, Inc. (NYSE:NNN) by 21.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 393,428 shares of the real estate investment trust’s stock after acquiring an additional 69,351 shares during the period. Amundi Pioneer Asset Management Inc. owned about 0.26% of National Retail Properties worth $15,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NNN. Teacher Retirement System of Texas acquired a new position in shares of National Retail Properties in the fourth quarter worth about $1,762,000. California Public Employees Retirement System raised its position in shares of National Retail Properties by 3.9% in the fourth quarter. California Public Employees Retirement System now owns 314,877 shares of the real estate investment trust’s stock worth $13,581,000 after acquiring an additional 11,713 shares during the period. First Trust Advisors LP raised its position in shares of National Retail Properties by 2.3% in the fourth quarter. First Trust Advisors LP now owns 204,240 shares of the real estate investment trust’s stock worth $8,809,000 after acquiring an additional 4,669 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of National Retail Properties by 14.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 252,080 shares of the real estate investment trust’s stock worth $10,872,000 after acquiring an additional 32,354 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of National Retail Properties by 39.6% in the fourth quarter. Toronto Dominion Bank now owns 8,796 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 2,497 shares during the period. Institutional investors and hedge funds own 90.85% of the company’s stock.

In related news, EVP Michelle Lynn Miller sold 750 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $38.95, for a total transaction of $29,212.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin B. Habicht sold 22,287 shares of the company’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $41.84, for a total transaction of $932,488.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,666 shares of company stock valued at $3,003,168. Insiders own 1.03% of the company’s stock.

National Retail Properties opened at $43.73 on Monday, according to Marketbeat Ratings. National Retail Properties, Inc. has a twelve month low of $36.25 and a twelve month high of $43.90. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $6.63 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.36 and a beta of 0.31.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03). National Retail Properties had a return on equity of 9.33% and a net margin of 49.40%. The company had revenue of $152.80 million for the quarter, compared to analyst estimates of $152.56 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts expect that National Retail Properties, Inc. will post 2.66 earnings per share for the current fiscal year.

A number of brokerages have weighed in on NNN. TheStreet upgraded shares of National Retail Properties from a “c+” rating to a “b-” rating in a research report on Wednesday, April 18th. B. Riley reiterated a “buy” rating and issued a $47.00 price objective on shares of National Retail Properties in a research report on Monday, March 12th. Zacks Investment Research downgraded shares of National Retail Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Finally, Capital One Financial downgraded shares of National Retail Properties from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.17.

National Retail Properties Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2018, the company owned 2,800 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.4 years.

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

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