276,878 Shares in NNN REIT, Inc. $NNN Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in NNN REIT, Inc. (NYSE:NNN - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 276,878 shares of the real estate investment trust's stock, valued at approximately $12,883,000. Public Employees Retirement System of Ohio owned approximately 0.14% of NNN REIT at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of NNN REIT in the 2nd quarter valued at about $1,242,752,000. Bank of America Corp DE bought a new position in shares of NNN REIT during the second quarter worth about $87,737,000. Bank of New York Mellon Corp acquired a new stake in NNN REIT in the 2nd quarter valued at approximately $85,430,000. Equity Investment Corp acquired a new stake in NNN REIT in the 2nd quarter valued at approximately $77,566,000. Finally, Legal & General Group Plc acquired a new stake in NNN REIT in the 2nd quarter valued at approximately $45,077,000. Institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

NNN has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on NNN REIT in a research report on Monday, June 1st. They set a "hold" rating and a $47.00 price target for the company. Huntington assumed coverage on shares of NNN REIT in a report on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 price objective on the stock. National Bank Financial set a $50.00 price objective on shares of NNN REIT in a research report on Monday, July 20th. Morgan Stanley cut shares of NNN REIT from an "overweight" rating to an "equal weight" rating and set a $50.00 target price for the company. in a report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of NNN REIT from a "sell" rating to a "hold" rating in a report on Sunday, June 28th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, NNN REIT has an average rating of "Hold" and an average target price of $47.60.

NNN REIT Stock Up 0.0%

NNN stock opened at $45.69 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $47.10 and a two-hundred day moving average price of $45.29. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 7.38 and a beta of 0.79. NNN REIT, Inc. has a twelve month low of $38.90 and a twelve month high of $50.00.

NNN REIT (NYSE:NNN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.The firm had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Analysts anticipate that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.62 per share. The ex-dividend date was Friday, July 31st. This is a positive change from NNN REIT's previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. NNN REIT's dividend payout ratio is presently 121.57%.

NNN REIT Profile

NNN REIT NYSE: NNN, formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.

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