AXQ Capital LP Acquires 24,554 Shares of NNN REIT, Inc. $NNN

Key Points

• AXQ Capital LP increased its NNN REIT stake by 177.8% in the second quarter, adding 24,554 shares for a total holding of 38,361 shares valued at approximately $1.785 million.
• Institutional ownership remains high at 89.96%, with several other investors—including HSBC Holdings, which raised its position by 33.2%—also increasing or initiating stakes.
• NNN REIT beat quarterly earnings and revenue estimates, raised its quarterly dividend from $0.60 to $0.62 per share, and currently has a consensus analyst rating of “Hold” with an average price target of $47.60.

AXQ Capital LP grew its holdings in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) by 177.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,361 shares of the real estate investment trust's stock after buying an additional 24,554 shares during the period. AXQ Capital LP's holdings in NNN REIT were worth $1,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nykredit A S purchased a new position in NNN REIT during the 2nd quarter valued at $377,000. Proficio Capital Partners LLC bought a new stake in shares of NNN REIT during the 2nd quarter valued at about $269,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of NNN REIT during the second quarter valued at about $3,099,000. Northwestern Mutual Wealth Management Co. increased its position in shares of NNN REIT by 16.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,531 shares of the real estate investment trust's stock valued at $304,000 after buying an additional 911 shares during the period. Finally, Hsbc Holdings PLC raised its stake in NNN REIT by 33.2% in the second quarter. Hsbc Holdings PLC now owns 689,173 shares of the real estate investment trust's stock worth $32,228,000 after buying an additional 171,669 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

NNN REIT Price Performance

Shares of NYSE NNN opened at $44.64 on Friday. The firm has a market cap of $8.57 billion, a P/E ratio of 21.88, a PEG ratio of 7.31 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. 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 company has a 50 day moving average of $46.98 and a 200 day moving average of $45.33.

NNN REIT (NYSE:NNN - Get Free Report) last posted its 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. 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. As a group, research analysts expect that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.62 dividend. This is a boost from NNN REIT's previous quarterly dividend of $0.60. The ex-dividend date was Friday, July 31st. This represents a $2.48 annualized dividend and a dividend yield of 5.6%. NNN REIT's dividend payout ratio (DPR) is currently 121.57%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Evercore set a $48.00 price objective on NNN REIT in a research report on Thursday, August 6th. B. Riley Financial reissued a "neutral" rating and issued a $47.50 target price (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Royal Bank Of Canada raised their target price on NNN REIT from $44.00 to $47.00 and gave the company a "sector perform" rating in a research note on Thursday, August 6th. 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 on the stock. Finally, Wall Street Zen raised NNN REIT from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. 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, NNN REIT presently has an average rating of "Hold" and an average price target of $47.60.

NNN REIT Company 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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