Cornerstone Capital Management Holdings LLC. increased its position in National Retail Properties, Inc. (NYSE:NNN) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,542 shares of the real estate investment trust’s stock after buying an additional 1,841 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in National Retail Properties were worth $3,022,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NNN. FMR LLC increased its position in National Retail Properties by 49.2% during the second quarter. FMR LLC now owns 3,152,173 shares of the real estate investment trust’s stock worth $123,249,000 after purchasing an additional 1,039,236 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of National Retail Properties by 35.3% in the second quarter. Victory Capital Management Inc. now owns 3,910,662 shares of the real estate investment trust’s stock worth $152,907,000 after acquiring an additional 1,020,200 shares in the last quarter. BlackRock Inc. increased its position in shares of National Retail Properties by 5.2% in the second quarter. BlackRock Inc. now owns 18,622,086 shares of the real estate investment trust’s stock worth $728,123,000 after acquiring an additional 928,820 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of National Retail Properties by 195.3% in the second quarter. Alliancebernstein L.P. now owns 543,797 shares of the real estate investment trust’s stock worth $21,262,000 after acquiring an additional 359,620 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of National Retail Properties by 14.8% in the third quarter. Wells Fargo & Company MN now owns 2,143,861 shares of the real estate investment trust’s stock worth $89,314,000 after acquiring an additional 276,823 shares in the last quarter. 90.50% of the stock is owned by institutional investors and hedge funds.

NNN has been the subject of several recent research reports. UBS raised shares of National Retail Properties from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $36.00 to $42.00 in a research report on Thursday, November 9th. FBR & Co restated a “buy” rating and issued a $52.00 target price on shares of National Retail Properties in a research note on Thursday, September 7th. 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 for the company in a research note on Monday, September 11th. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Robert W. Baird restated a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.71.

In other National Retail Properties news, EVP Michelle Lynn Miller sold 750 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $43.03, for a total transaction of $32,272.50. Following the sale, the executive vice president now directly owns 20,517 shares of the company’s stock, valued at $882,846.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $42.60, for a total transaction of $880,286.40. Following the sale, the chief financial officer now directly owns 125,722 shares in the company, valued at $5,355,757.20. The disclosure for this sale can be found here. Insiders have sold 821,414 shares of company stock worth $947,559 over the last three months. 1.03% of the stock is owned by corporate insiders.

National Retail Properties, Inc. (NYSE:NNN) opened at $43.62 on Tuesday. National Retail Properties, Inc. has a 52 week low of $36.45 and a 52 week high of $46.34. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. The company has a market cap of $6,577.06, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 3.55 and a beta of 0.39.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The firm had revenue of $147.71 million for the quarter, compared to the consensus estimate of $146.57 million. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. equities research analysts predict that National Retail Properties, Inc. will post 2.53 earnings per share for the current fiscal year.

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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.

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

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