Corient Private Wealth LP Boosts Stock Position in NNN REIT, Inc. $NNN

Key Points

• Corient Private Wealth increased its NNN REIT stake by 35.7% in the second quarter, acquiring 114,265 additional shares for a total of 434,654. Institutional investors and hedge funds collectively own 89.96% of the company.
• Analysts maintain a predominantly cautious view, with a consensus rating of “Hold” and an average price target of $47.60, compared with the stock’s reported price of $43.76.
• NNN REIT exceeded quarterly earnings and revenue expectations, reporting $0.52 in EPS and $244.27 million in revenue. The company also raised its quarterly dividend to $0.62 per share, equivalent to a 5.7% annualized yield.

Corient Private Wealth LP raised its stake in NNN REIT, Inc. (NYSE:NNN - Free Report) by 35.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 434,654 shares of the real estate investment trust's stock after purchasing an additional 114,265 shares during the period. Corient Private Wealth LP owned 0.23% of NNN REIT worth $20,224,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Clearstead Trust LLC bought a new stake in NNN REIT in the second quarter valued at $27,000. Avalon Trust Co bought a new position in shares of NNN REIT during the second quarter worth about $38,000. Root Financial Partners LLC increased its holdings in shares of NNN REIT by 3,354.1% in the 1st 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 acquired a new stake in shares of NNN REIT in the 1st quarter worth about $76,000. Finally, Global Retirement Partners LLC bought a new stake in NNN REIT in the 2nd quarter valued at about $89,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

NNN has been the subject of several analyst reports. Jefferies Financial Group began coverage on NNN REIT in a research report on Monday, June 1st. They set a "hold" rating and a $47.00 price objective for the company. National Bank Financial set a $50.00 target price on NNN REIT in a research note on Monday, July 20th. Barclays boosted their price target on NNN REIT from $45.00 to $47.00 and gave the stock an "underweight" rating in a research report on Friday, September 4th. Wells Fargo & Company decreased their price target on NNN REIT from $49.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. Finally, Royal Bank Of Canada raised their price target on NNN REIT from $44.00 to $47.00 and gave the company a "sector perform" rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $47.60.

NNN REIT Price Performance

NYSE NNN opened at $43.76 on Tuesday. The stock's 50-day moving average price is $46.62 and its two-hundred day moving average price is $45.32. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a market cap of $8.40 billion, a PE ratio of 21.45, a PEG ratio of 7.09 and a beta of 0.79. 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 issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $244.27 million during the quarter, compared to the consensus estimate 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, analysts predict that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.62 per share. The ex-dividend date was Friday, July 31st. This represents a $2.48 annualized dividend and a dividend yield of 5.7%. This is an increase from NNN REIT's previous quarterly dividend of $0.60. NNN REIT's dividend payout ratio is presently 121.57%.

NNN REIT Profile

NNN REIT NYSE: NNN is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT's properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.

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