Systematic Financial Management LP grew its position in shares of National Retail Properties (NYSE:NNN) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,786 shares of the real estate investment trust’s stock after purchasing an additional 2,161 shares during the period. Systematic Financial Management LP owned 0.10% of National Retail Properties worth $6,573,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of National Retail Properties by 5.2% during the 2nd quarter. BlackRock Inc. now owns 18,622,086 shares of the real estate investment trust’s stock worth $728,123,000 after purchasing an additional 928,820 shares during the last quarter. State Street Corp boosted its stake in shares of National Retail Properties by 1.5% during the 2nd quarter. State Street Corp now owns 12,427,839 shares of the real estate investment trust’s stock worth $485,929,000 after purchasing an additional 184,603 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of National Retail Properties by 6.7% during the 2nd quarter. Royal Bank of Canada now owns 4,030,446 shares of the real estate investment trust’s stock worth $157,592,000 after purchasing an additional 254,477 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of National Retail Properties by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,025,462 shares of the real estate investment trust’s stock worth $167,700,000 after acquiring an additional 114,800 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of National Retail Properties by 2.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,723,155 shares of the real estate investment trust’s stock worth $145,575,000 after acquiring an additional 95,072 shares during the period. 88.93% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on NNN shares. Robert W. Baird reiterated a “buy” rating and set a $46.00 price objective on shares of National Retail Properties in a 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 objective on the stock in a report on Monday, September 11th. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, August 2nd. FBR & Co reiterated a “buy” rating and set a $52.00 price objective on shares of National Retail Properties in a report on Thursday, September 7th. Finally, B. Riley reiterated a “buy” rating on shares of National Retail Properties in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.71.

Shares of National Retail Properties (NNN) traded down $0.11 during mid-day trading on Friday, hitting $42.55. 721,500 shares of the stock traded hands, compared to its average volume of 1,094,463. The stock has a market cap of $6,469.87, a price-to-earnings ratio of 16.89, a P/E/G ratio of 3.49 and a beta of 0.40. National Retail Properties has a 1-year low of $36.45 and a 1-year 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.

National Retail Properties (NYSE:NNN) last announced 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. The business had revenue of $147.71 million for the quarter, compared to analyst estimates of $146.57 million. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. equities analysts expect that National Retail Properties will post 2.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.90 annualized dividend and a dividend yield of 4.47%. National Retail Properties’s payout ratio is currently 135.72%.

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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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