12,100 Shares in National Retail Properties (NNN) Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of National Retail Properties (NYSE:NNN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,100 shares of the real estate investment trust’s stock, valued at approximately $473,000.

Other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund raised its stake in National Retail Properties by 2.1% during the 2nd quarter. Texas Permanent School Fund now owns 108,887 shares of the real estate investment trust’s stock worth $4,257,000 after buying an additional 2,287 shares during the period. Credit Suisse AG raised 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 worth $19,641,000 after buying an additional 18,688 shares during the period. Wesbanco Bank Inc. raised its stake in National Retail Properties by 9.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 91,894 shares of the real estate investment trust’s stock worth $3,593,000 after buying an additional 8,182 shares during the period. Cipher Capital LP raised its stake in National Retail Properties by 219.2% during the 2nd quarter. Cipher Capital LP now owns 121,266 shares of the real estate investment trust’s stock worth $4,741,000 after buying an additional 83,278 shares during the period. Finally, Pacer Advisors Inc. raised 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 worth $753,000 after buying an additional 2,216 shares during the period. 89.36% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on NNN shares. BidaskClub raised National Retail Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, August 2nd. FBR & Co reissued a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research note on Thursday, September 7th. Finally, Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.86.

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Shares of National Retail Properties (NNN) opened at 42.99 on Tuesday. National Retail Properties has a 12 month low of $36.45 and a 12 month high of $52.27. The company’s 50 day moving average price is $41.33 and its 200-day moving average price is $40.99. The stock has a market capitalization of $6.42 billion, a P/E ratio of 32.30 and a beta of 0.36.

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

In related news, CFO Kevin B. Habicht sold 23,499 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $40.45, for a total value of $950,534.55. Following the completion of the transaction, the chief financial officer now directly owns 146,386 shares in the company, valued at approximately $5,921,313.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Julian E. Whitehurst sold 17,413 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $41.46, for a total transaction of $721,942.98. Following the completion of the transaction, the insider now owns 294,826 shares of the company’s stock, valued at $12,223,485.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,912 shares of company stock valued at $2,164,138. 1.03% of the stock is owned by company insiders.

National Retail Properties 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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