Virginia Retirement Systems ET AL acquired a new position in shares of National Retail Properties (NYSE:NNN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 138,481 shares of the real estate investment trust’s stock, valued at approximately $7,162,000. Virginia Retirement Systems ET AL owned 0.09% of National Retail Properties as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NEXT Financial Group Inc raised its position in shares of National Retail Properties by 134.9% in the second quarter. NEXT Financial Group Inc now owns 2,636 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,514 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of National Retail Properties by 6.3% in the first quarter. Canada Pension Plan Investment Board now owns 3,400 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 200 shares during the last quarter. FCA Corp TX purchased a new position in shares of National Retail Properties during the second quarter worth $207,000. Bailard Inc. purchased a new position in shares of National Retail Properties during the second quarter worth $207,000. Finally, National Planning Corp purchased a new position in shares of National Retail Properties during the first quarter worth $209,000. Hedge funds and other institutional investors own 94.64% of the company’s stock.

Shares of National Retail Properties (NYSE:NNN) opened at 48.63 on Monday. National Retail Properties has a 52 week low of $35.02 and a 52 week high of $53.60. The company has a market cap of $7.15 billion, a P/E ratio of 37.01 and a beta of 0.35. The firm has a 50-day moving average of $51.02 and a 200 day moving average of $47.96.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. National Retail Properties had a net margin of 43.41% and a return on equity of 7.88%. The business earned $130.92 million during the quarter, compared to analysts’ expectations of $129.73 million. During the same quarter in the prior year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts expect that National Retail Properties will post $2.35 EPS for the current fiscal year.

NNN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, July 15th. Stifel Nicolaus raised their price objective on National Retail Properties from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, July 11th. Wunderlich raised their price objective on National Retail Properties from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. BTIG Research started coverage on National Retail Properties in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Citigroup Inc. lifted their price target on National Retail Properties from $40.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. National Retail Properties has a consensus rating of “Hold” and a consensus price target of $50.65.

In other news, insider Paul Eugene Bayer sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $51.10, for a total value of $511,000.00. Following the completion of the sale, the insider now owns 171,641 shares of the company’s stock, valued at approximately $8,770,855.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michelle Lynn Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $51.17, for a total transaction of $51,170.00. Following the completion of the sale, the executive vice president now directly owns 21,367 shares of the company’s stock, valued at approximately $1,093,349.39. The disclosure for this sale can be found here. 1.25% of the stock is currently owned by insiders.

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 held for investment. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.

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