Xact Kapitalforvaltning AB trimmed its position in National Retail Properties, Inc. (NYSE:NNN) by 40.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,200 shares of the real estate investment trust’s stock after selling 8,800 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in National Retail Properties were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its holdings in National Retail Properties by 1.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 17,339 shares of the real estate investment trust’s stock worth $960,000 after acquiring an additional 260 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in National Retail Properties by 170.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 463 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 292 shares in the last quarter. Signaturefd LLC increased its holdings in National Retail Properties by 25.5% in the 1st quarter. Signaturefd LLC now owns 1,637 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 333 shares in the last quarter. Amalgamated Bank increased its holdings in National Retail Properties by 1.2% in the 4th quarter. Amalgamated Bank now owns 31,132 shares of the real estate investment trust’s stock worth $1,510,000 after acquiring an additional 356 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in National Retail Properties by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 69,379 shares of the real estate investment trust’s stock worth $3,841,000 after acquiring an additional 448 shares in the last quarter. 89.19% of the stock is owned by institutional investors.

NNN stock traded up $0.24 during midday trading on Friday, hitting $52.25. The company’s stock had a trading volume of 691,195 shares, compared to its average volume of 860,808. National Retail Properties, Inc. has a 12 month low of $42.97 and a 12 month high of $55.97. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 4.41 and a beta of 0.18. The business has a 50 day moving average price of $53.79.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.23). National Retail Properties had a return on equity of 7.78% and a net margin of 42.49%. The business had revenue of $163.71 million during the quarter, compared to the consensus estimate of $161.34 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect that National Retail Properties, Inc. will post 2.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.94%. This is an increase from National Retail Properties’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, July 30th. National Retail Properties’s dividend payout ratio is presently 74.63%.

NNN has been the subject of several analyst reports. Raymond James set a $57.00 target price on shares of National Retail Properties and gave the stock a “hold” rating in a report on Monday, May 20th. Morgan Stanley increased their target price on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research lowered shares of Green Plains Partners from a “buy” rating to a “hold” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.88.

In other news, EVP Michelle Lynn Miller sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.91, for a total transaction of $82,365.00. Following the completion of the transaction, the executive vice president now directly owns 34,154 shares in the company, valued at approximately $1,875,396.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Paul Tessitore sold 2,550 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $25.69, for a total value of $65,509.50. The disclosure for this sale can be found here. Insiders sold a total of 41,949 shares of company stock valued at $2,135,298 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

National Retail Properties Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.

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

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