Algert Global LLC Increases Stock Holdings in NNN REIT, Inc. $NNN

Algert Global LLC grew its stake in NNN REIT, Inc. (NYSE:NNN - Free Report) by 91.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 506,434 shares of the real estate investment trust's stock after purchasing an additional 241,290 shares during the period. Algert Global LLC owned approximately 0.26% of NNN REIT worth $23,564,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Captrust Financial Advisors grew its position in NNN REIT by 3.5% in the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust's stock valued at $4,977,000 after buying an additional 3,897 shares during the last quarter. Parallel Advisors LLC raised its position in NNN REIT by 11.0% during the 3rd 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. Horizon Investments LLC lifted its stake in shares of NNN REIT by 65.0% in the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust's stock worth $3,230,000 after acquiring an additional 30,333 shares during the period. Crestwood Advisors Group LLC acquired a new stake in shares of NNN REIT in the 4th quarter worth $239,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of NNN REIT by 1.0% in the fourth quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust's stock valued at $2,687,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

NNN REIT Stock Up 1.1%

NNN stock opened at $46.33 on Tuesday. The company has a market cap of $8.89 billion, a P/E ratio of 22.71, 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. The company's 50-day moving average price is $47.06 and its 200 day moving average price is $45.20. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. The company had revenue of $244.27 million during the quarter, compared to analysts' expectations 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. On average, research analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 positive change 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%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NNN. Wall Street Zen raised shares of NNN REIT from a "sell" rating to a "hold" rating in a report on Sunday, June 28th. Royal Bank Of Canada lifted their price objective on NNN REIT from $44.00 to $47.00 and gave the company a "sector perform" rating in a report on Thursday, August 6th. Weiss Ratings cut NNN REIT from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Huntington assumed coverage on NNN REIT in a research note on Wednesday, July 15th. They set an "outperform" rating and a $51.00 target price for the company. Finally, Wells Fargo & Company raised their price target on NNN REIT from $45.00 to $49.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th. Three research 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's stock. According to MarketBeat.com, NNN REIT has an average rating of "Hold" and a consensus 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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