Alberta Investment Management Corp Makes New Investment in NNN REIT, Inc. $NNN

Key Points

• Alberta Investment Management Corp. bought 124,300 shares of NNN REIT during the second quarter, valued at approximately $5.8 million. Institutional investors collectively own about 89.96% of the company.
• NNN REIT reported quarterly EPS of $0.52, exceeding the $0.51 consensus estimate, while revenue reached $244.27 million. Analysts maintain a consensus “Hold” rating with an average price target of $47.60.
• The company increased its quarterly dividend to $0.62 per share, representing an annualized payout of $2.48 and a yield of approximately 5.4%.

Alberta Investment Management Corp bought a new position in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 124,300 shares of the real estate investment trust's stock, valued at approximately $5,784,000. Alberta Investment Management Corp owned about 0.07% of NNN REIT at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Fifth Third Wealth Advisors LLC increased its holdings in shares of NNN REIT by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust's stock valued at $252,000 after purchasing an additional 251 shares during the last quarter. Parallel Advisors LLC boosted its stake in NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust's stock worth $243,000 after buying an additional 567 shares during the last quarter. GAMMA Investing LLC boosted its stake in NNN REIT by 24.4% during the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust's stock worth $136,000 after buying an additional 573 shares during the last quarter. Clearstead Trust LLC purchased a new stake in NNN REIT in the 2nd quarter valued at $27,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of NNN REIT by 11.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust's stock worth $275,000 after acquiring an additional 658 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NNN has been the topic of several recent research reports. Evercore set a $48.00 price target on shares of NNN REIT in a research report on Thursday, August 6th. B. Riley Financial restated a "neutral" rating and set a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Jefferies Financial Group initiated coverage on shares of NNN REIT in a research report on Monday, June 1st. They set a "hold" rating and a $47.00 price objective for the company. Wall Street Zen raised shares of NNN REIT from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. Finally, Robert W. Baird set a $49.00 target price on shares of NNN REIT in a report on Thursday, August 6th. Three 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $47.60.

NNN REIT Stock Up 0.3%

NYSE:NNN opened at $46.16 on Tuesday. 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 stock's fifty day moving average is $47.07 and its two-hundred day moving average is $45.05. NNN REIT, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 7.47 and a beta of 0.79.

NNN REIT (NYSE:NNN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS 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 business had revenue of $244.27 million during the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Research analysts anticipate that NNN REIT, Inc. will post 3.49 EPS for the current year.

NNN REIT Increases Dividend

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

About NNN REIT

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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