Fmr LLC raised its holdings in National Retail Properties (NYSE:NNN) by 49.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,152,173 shares of the real estate investment trust’s stock after purchasing an additional 1,039,236 shares during the period. Fmr LLC owned approximately 2.11% of National Retail Properties worth $123,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund boosted its holdings in National Retail Properties by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 108,887 shares of the real estate investment trust’s stock valued at $4,257,000 after purchasing an additional 2,287 shares during the period. Wesbanco Bank Inc. boosted its holdings in National Retail Properties by 9.8% in the 2nd quarter. Wesbanco Bank Inc. now owns 91,894 shares of the real estate investment trust’s stock valued at $3,593,000 after purchasing an additional 8,182 shares during the period. Credit Suisse AG boosted its holdings in National Retail Properties by 4.3% in the 1st quarter. Credit Suisse AG now owns 450,279 shares of the real estate investment trust’s stock valued at $19,641,000 after purchasing an additional 18,688 shares during the period. Wells Fargo & Company MN boosted its holdings in National Retail Properties by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,867,038 shares of the real estate investment trust’s stock valued at $73,001,000 after purchasing an additional 64,931 shares during the period. Finally, Cipher Capital LP boosted its holdings in National Retail Properties by 219.2% in the 2nd quarter. Cipher Capital LP now owns 121,266 shares of the real estate investment trust’s stock valued at $4,741,000 after purchasing an additional 83,278 shares during the period. 89.36% of the stock is owned by hedge funds and other institutional investors.

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NNN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, September 11th. BidaskClub raised shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, FBR & Co reissued a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $47.67.

National Retail Properties (NYSE:NNN) opened at 41.70 on Friday. National Retail Properties has a 12 month low of $36.45 and a 12 month high of $48.03. The firm has a market capitalization of $6.22 billion, a PE ratio of 31.33 and a beta of 0.37. The stock has a 50 day moving average of $41.93 and a 200 day moving average of $40.89.

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

In other National Retail Properties news, CFO Kevin B. Habicht sold 23,499 shares of National Retail Properties stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $40.45, for a total transaction of $950,534.55. Following the transaction, the chief financial officer now directly owns 146,386 shares of the company’s stock, valued at $5,921,313.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle Lynn Miller sold 2,000 shares of National Retail Properties stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $40.28, for a total transaction of $80,560.00. Following the transaction, the executive vice president now directly owns 21,267 shares in the company, valued at $856,634.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,912 shares of company stock valued at $2,164,138. 1.03% of the stock is currently owned by company insiders.

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.

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

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