Sigma Planning Corp decreased its position in shares of National Retail Properties (NYSE:NNN) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 15,092 shares of the real estate investment trust’s stock after selling 747 shares during the period. Sigma Planning Corp’s holdings in National Retail Properties were worth $590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NNN. DekaBank Deutsche Girozentrale raised its position in shares of National Retail Properties by 265.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 35,586 shares of the real estate investment trust’s stock worth $1,422,000 after buying an additional 25,848 shares during the last quarter. Arizona State Retirement System raised its position in shares of National Retail Properties by 1.3% in the second quarter. Arizona State Retirement System now owns 68,600 shares of the real estate investment trust’s stock worth $2,682,000 after buying an additional 900 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of National Retail Properties by 44.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 697,279 shares of the real estate investment trust’s stock worth $27,264,000 after buying an additional 214,663 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of National Retail Properties by 1.1% in the second quarter. Retirement Systems of Alabama now owns 192,264 shares of the real estate investment trust’s stock worth $7,518,000 after buying an additional 2,183 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of National Retail Properties by 10.5% in the second quarter. IFP Advisors Inc now owns 21,365 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 2,029 shares during the last quarter. Institutional investors and hedge funds own 89.86% of the company’s stock.

Shares of National Retail Properties (NYSE:NNN) opened at 40.59 on Tuesday. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 30.50 and a beta of 0.38. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $52.27. The stock has a 50 day moving average of $39.75 and a 200-day moving average of $41.42.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 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 business had revenue of $145.55 million during the quarter, compared to analysts’ expectations of $142.83 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities analysts anticipate that National Retail Properties will post $1.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a $0.475 dividend. This is an increase from National Retail Properties’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, July 27th. This represents a $1.90 annualized dividend and a yield of 4.68%. National Retail Properties’s dividend payout ratio is 142.86%.

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A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. National Retail Properties currently has an average rating of “Hold” and an average target price of $45.67.

In related news, EVP Michelle Lynn Miller sold 2,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.28, for a total value of $80,560.00. Following the completion of the sale, the executive vice president now owns 21,267 shares in the company, valued at approximately $856,634.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is owned by corporate 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 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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