Christopher Paul Tessitore Sells 20,000 Shares of National Retail Properties, Inc. (NNN) Stock

National Retail Properties, Inc. (NYSE:NNN) insider Christopher Paul Tessitore sold 20,000 shares of the stock in a transaction on Monday, March 20th. The shares were sold at an average price of $44.39, for a total transaction of $887,800.00. Following the transaction, the insider now owns 132,401 shares of the company’s stock, valued at approximately $5,877,280.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of National Retail Properties, Inc. (NYSE:NNN) traded down 0.86% during midday trading on Monday, hitting $43.98. 534,310 shares of the stock traded hands. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 31.87 and a beta of 0.39. National Retail Properties, Inc. has a 12-month low of $39.86 and a 12-month high of $53.60. The company’s 50 day moving average price is $43.95 and its 200-day moving average price is $45.23.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.31 by $0.29. The company earned $141.20 million during the quarter, compared to analyst estimates of $137.23 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 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities research analysts expect that National Retail Properties, Inc. will post $1.40 EPS for the current year.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

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Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a research report on Thursday, February 2nd. FBR & Co set a $56.00 target price on shares of National Retail Properties and gave the company a “buy” rating in a research note on Tuesday, December 6th. Bank of America Corp raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, January 31st. Finally, Robert W. Baird raised shares of National Retail Properties from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $54.00 to $50.00 in a research note on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.30.

A number of large investors have recently modified their holdings of NNN. Mason Street Advisors LLC bought a new stake in shares of National Retail Properties during the second quarter valued at approximately $3,397,000. Oregon Public Employees Retirement Fund raised its stake in shares of National Retail Properties by 3.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 49,632 shares of the real estate investment trust’s stock valued at $2,524,000 after buying an additional 1,542 shares during the last quarter. First Financial Bank N.A. Trust Division raised its stake in shares of National Retail Properties by 3.3% in the third quarter. First Financial Bank N.A. Trust Division now owns 104,112 shares of the real estate investment trust’s stock valued at $5,294,000 after buying an additional 3,328 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of National Retail Properties by 13.4% in the third quarter. Raymond James Trust N.A. now owns 9,297 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 1,100 shares during the last quarter. Finally, Creative Planning raised its stake in shares of National Retail Properties by 308.7% in the third quarter. Creative Planning now owns 58,405 shares of the real estate investment trust’s stock valued at $2,970,000 after buying an additional 44,116 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

About National Retail Properties

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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