Caisse de depot et placement du Quebec Makes New $12.81 Million Investment in NNN REIT, Inc. $NNN

Key Points

• Caisse de dépôt et placement du Québec acquired 275,226 shares of NNN REIT worth approximately $12.81 million, while institutional investors collectively owned 89.96% of the company.
• Analysts maintain a generally neutral view, with an average “Hold” rating and a $47.60 price target; NNN REIT was trading at $45.69.
• NNN REIT exceeded quarterly expectations with $0.52 EPS and $244.27 million in revenue, and raised its quarterly dividend to $0.62, implying a 5.4% annualized yield.

Caisse de depot et placement du Quebec acquired a new stake in NNN REIT, Inc. (NYSE:NNN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 275,226 shares of the real estate investment trust's stock, valued at approximately $12,806,000. Caisse de depot et placement du Quebec owned 0.14% of NNN REIT at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Jupiter Topco LLC acquired a new stake in NNN REIT during the 2nd quarter worth approximately $9,309,000. Hsbc Holdings PLC acquired a new position in shares of NNN REIT in the second quarter worth $32,228,000. Legal & General Group Plc acquired a new position in shares of NNN REIT in the second quarter worth $45,077,000. The Manufacturers Life Insurance Company purchased a new stake in shares of NNN REIT during the second quarter worth $7,719,000. Finally, Algert Global LLC increased its position in shares of NNN REIT by 91.0% during the second quarter. Algert Global LLC now owns 506,434 shares of the real estate investment trust's stock worth $23,564,000 after acquiring an additional 241,290 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NNN. National Bank Financial set a $50.00 price target on NNN REIT in a research report on Monday, July 20th. Royal Bank Of Canada boosted their price objective on NNN REIT from $44.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Jefferies Financial Group started coverage on shares of NNN REIT in a research note on Monday, June 1st. They set a "hold" rating and a $47.00 target price on the stock. Morgan Stanley cut shares of NNN REIT from an "overweight" rating to an "equal weight" rating and set a $50.00 target price on the stock. 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 note on Thursday, August 6th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $47.60.

NNN REIT Stock Up 0.8%

NNN REIT stock opened at $45.69 on Friday. The stock has a market cap of $8.77 billion, a PE ratio of 22.40, a P/E/G ratio of 7.33 and a beta of 0.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The stock's fifty day moving average is $47.10 and its two-hundred day moving average is $45.27. NNN REIT, Inc. has a 1-year low of $38.90 and a 1-year high of $50.00.

NNN REIT (NYSE:NNN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (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 analysts' expectations of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, sell-side analysts expect that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently declared 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 dividend on an annualized basis 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%.

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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