82,835 Shares in NNN REIT, Inc. $NNN Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 82,835 shares of the real estate investment trust's stock, valued at approximately $3,854,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clearstead Trust LLC bought a new position in NNN REIT in the second quarter worth $27,000. Avalon Trust Co bought a new stake in shares of NNN REIT during the 2nd quarter valued at $38,000. Root Financial Partners LLC grew its position in shares of NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,241 shares during the period. Ascentis Independent Advisors bought a new position in shares of NNN REIT in the 1st quarter worth about $76,000. Finally, Global Retirement Partners LLC bought a new position in shares of NNN REIT in the 2nd quarter worth about $89,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NNN has been the topic of a number of recent research reports. Huntington initiated coverage on NNN REIT in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 target price on the stock. Royal Bank Of Canada raised their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the company a "sector perform" rating in a research note on Thursday, August 6th. Citigroup lifted their target price on shares of NNN REIT from $42.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Morgan Stanley cut shares of NNN REIT from an "overweight" rating to an "equal weight" rating and set a $50.00 price target on the stock. in a report on Monday, July 20th. Finally, B. Riley Financial reissued a "neutral" rating and set a $47.50 price target (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $47.60.

NNN REIT Price Performance

NNN opened at $45.83 on Monday. The company's 50-day simple moving average is $47.05 and its two-hundred day simple moving average is $45.17. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $8.80 billion, a P/E ratio of 22.47, a P/E/G ratio of 7.41 and a beta of 0.79. NNN REIT, Inc. has a 52-week low of $38.90 and a 52-week high of $50.00.

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

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date was Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. This is a boost from NNN REIT's previous quarterly dividend of $0.60. NNN REIT's dividend payout ratio (DPR) 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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