QS Investors LLC Sells 19,409 Shares of National Retail Properties, Inc. (NYSE:NNN)

QS Investors LLC cut its holdings in shares of National Retail Properties, Inc. (NYSE:NNN) by 19.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,212 shares of the real estate investment trust’s stock after selling 19,409 shares during the period. QS Investors LLC’s holdings in National Retail Properties were worth $3,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its stake in National Retail Properties by 4.3% in the second quarter. Stifel Financial Corp now owns 54,157 shares of the real estate investment trust’s stock valued at $2,539,000 after acquiring an additional 2,238 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in National Retail Properties by 4.7% during the second quarter. Ensign Peak Advisors Inc now owns 182,374 shares of the real estate investment trust’s stock valued at $8,549,000 after purchasing an additional 8,215 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in National Retail Properties by 102.5% during the second quarter. Qube Research & Technologies Ltd now owns 76,808 shares of the real estate investment trust’s stock valued at $3,601,000 after purchasing an additional 38,886 shares in the last quarter. Vanguard Group Inc. raised its position in shares of National Retail Properties by 1.8% during the second quarter. Vanguard Group Inc. now owns 25,287,821 shares of the real estate investment trust’s stock valued at $1,185,493,000 after buying an additional 453,631 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of National Retail Properties by 51.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,555,252 shares of the real estate investment trust’s stock valued at $72,910,000 after buying an additional 530,446 shares during the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

A number of analysts have recently issued reports on NNN shares. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, October 5th. Royal Bank of Canada initiated coverage on shares of National Retail Properties in a research note on Friday, September 17th. They set a “sector perform” rating and a $48.00 target price for the company. Wells Fargo & Company upped their price objective on shares of National Retail Properties from $44.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 1st. Finally, Morgan Stanley upped their price objective on shares of National Retail Properties from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 7th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $50.63.

Shares of NYSE NNN opened at $45.83 on Thursday. The company has a current ratio of 13.34, a quick ratio of 13.34 and a debt-to-equity ratio of 0.84. National Retail Properties, Inc. has a twelve month low of $31.41 and a twelve month high of $50.33. The stock has a 50 day moving average of $46.06 and a two-hundred day moving average of $46.72. The stock has a market cap of $8.05 billion, a P/E ratio of 34.72, a P/E/G ratio of 4.33 and a beta of 0.83.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.33). National Retail Properties had a return on equity of 6.26% and a net margin of 36.28%. The business had revenue of $179.01 million for the quarter, compared to analyst estimates of $177.00 million. During the same period in the prior year, the company earned $0.49 EPS. The company’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that National Retail Properties, Inc. will post 2.91 earnings per share for the current year.

National Retail Properties Profile

National Retail Properties, Inc is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984 and is headquartered in Orlando, FL.

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

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