968,777 Shares in NNN REIT, Inc. $NNN Bought by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 968,777 shares of NNN REIT in the second quarter, worth approximately $45.1 million and representing a 0.50% stake. Institutional investors collectively own 89.96% of the company.
• NNN REIT reported quarterly EPS of $0.52, beating estimates by $0.01, while revenue of $244.27 million also exceeded expectations. The company issued fiscal 2026 EPS guidance of $3.50–$3.54.
• NNN increased its quarterly dividend to $0.62 per share, producing a $2.48 annualized payout and a 5.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $47.60.

Legal & General Group Plc acquired a new stake in NNN REIT, Inc. (NYSE:NNN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 968,777 shares of the real estate investment trust's stock, valued at approximately $45,077,000. Legal & General Group Plc owned 0.50% of NNN REIT as of its most recent SEC filing.

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

NNN REIT Trading Up 0.8%

Shares of NNN stock opened at $45.69 on Friday. NNN REIT, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $50.00. 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 50 day simple moving average of $47.10 and a two-hundred day simple moving average of $45.27. The company has a market cap of $8.77 billion, a P/E ratio of 22.40, a PEG ratio of 7.33 and a beta of 0.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. The firm had revenue of $244.27 million for the quarter, compared to analysts' expectations of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Research analysts forecast that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

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

Wall Street Analysts Forecast Growth

NNN has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of NNN REIT from $44.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of NNN REIT from a "sell" rating to a "hold" rating in a research report on Sunday, June 28th. 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 research note on Thursday, May 7th. National Bank Financial set a $50.00 target price on shares of NNN REIT in a report on Monday, July 20th. Finally, Robert W. Baird set a $49.00 price target on shares of NNN REIT in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $47.60.

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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