Schroder Investment Management Group decreased its stake in National Retail Properties, Inc. (NYSE:NNN) by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,983 shares of the real estate investment trust’s stock after selling 4,930 shares during the period. Schroder Investment Management Group’s holdings in National Retail Properties were worth $961,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NNN. Northwestern Mutual Wealth Management Co. increased its position in National Retail Properties by 82.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 1,632 shares during the period. BB&T Investment Services Inc. acquired a new position in National Retail Properties in the 2nd quarter valued at approximately $212,000. Timber Hill LLC acquired a new position in National Retail Properties in the 3rd quarter valued at approximately $212,000. Raymond James Trust N.A. acquired a new position in National Retail Properties in the 3rd quarter valued at approximately $231,000. Finally, CIBC Asset Management Inc acquired a new position in National Retail Properties in the 3rd quarter valued at approximately $236,000. 90.55% of the stock is owned by institutional investors and hedge funds.

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

Shares of National Retail Properties, Inc. (NYSE NNN) opened at $43.26 on Friday. National Retail Properties, Inc. has a 12-month low of $36.45 and a 12-month high of $46.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 7.66 and a current ratio of 7.66. The firm has a market cap of $6,530.69, a price-to-earnings ratio of 17.04, a PEG ratio of 3.52 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 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. During the same period in the prior year, the company posted $0.61 earnings per share. National Retail Properties’s revenue for the quarter was up 9.8% compared to the same quarter last year. research analysts anticipate that National Retail Properties, Inc. will post 2.53 EPS for the current year.

Several brokerages have issued reports on NNN. B. Riley restated a “buy” rating on shares of National Retail Properties in a research report on Friday, November 3rd. Zacks Investment Research cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Robert W. Baird restated a “buy” rating and issued a $46.00 price target on shares of National Retail Properties in a research report on Friday, October 20th. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Monday, September 11th. Finally, UBS upgraded shares of National Retail Properties from a “sell” rating to a “neutral” rating and upped their price target for the company from $36.00 to $42.00 in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.71.

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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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