Raymond James Financial Services Advisors Inc. Has $4.486 Million Position in National Retail Properties, Inc. (NNN)

Raymond James Financial Services Advisors Inc. raised its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 1.9% during the first quarter, Holdings Channel reports. The fund owned 102,840 shares of the real estate investment trust’s stock after buying an additional 1,915 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.07% of National Retail Properties worth $4,486,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NNN. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of National Retail Properties during the first quarter valued at approximately $122,000. Pinnacle Bank purchased a new position in shares of National Retail Properties during the first quarter valued at approximately $179,000. Greenleaf Trust purchased a new position in shares of National Retail Properties during the first quarter valued at approximately $209,000. Independent Advisor Alliance purchased a new position in shares of National Retail Properties during the fourth quarter valued at approximately $216,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of National Retail Properties during the fourth quarter valued at approximately $231,000. Institutional investors own 96.31% of the company’s stock.

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

Shares of National Retail Properties, Inc. (NYSE:NNN) traded up 0.91% during mid-day trading on Friday, hitting $37.74. 1,571,692 shares of the company traded hands. The firm’s 50 day moving average price is $42.21 and its 200-day moving average price is $43.27. The stock has a market capitalization of $5.63 billion, a PE ratio of 29.19 and a beta of 0.39. National Retail Properties, Inc. has a 1-year low of $36.45 and a 1-year high of $53.60.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.27. The company had revenue of $141.43 million for the quarter, compared to analysts’ expectations of $141.51 million. National Retail Properties had a net margin of 44.88% and a return on equity of 8.13%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. On average, equities research analysts forecast that National Retail Properties, Inc. will post $1.50 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Wednesday, April 26th. National Retail Properties’s payout ratio is presently 130.94%.

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Several research analysts have commented on NNN shares. FBR & Co set a $52.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, February 14th. Bank of America Corp upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, January 31st. Finally, Zacks Investment Research upgraded shares of National Retail Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. National Retail Properties presently has an average rating of “Hold” and an average price target of $52.67.

In related news, CEO Craig Macnab sold 54,183 shares of National Retail Properties stock in a transaction on Friday, February 24th. The shares were sold at an average price of $45.03, for a total value of $2,439,860.49. Following the transaction, the chief executive officer now owns 422,333 shares in the company, valued at approximately $19,017,654.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul Eugene Bayer sold 13,000 shares of National Retail Properties stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $43.23, for a total transaction of $561,990.00. Following the completion of the transaction, the insider now owns 117,012 shares in the company, valued at approximately $5,058,428.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,769 shares of company stock worth $5,683,378. 1.25% of the stock is owned by corporate 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.

5 Day Chart for NYSE:NNN

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