Corient Private Wealth LP Purchases Shares of 404,373 NNN REIT, Inc. $NNN

Key Points

• Corient Private Wealth LP acquired 404,373 shares of NNN REIT during the second quarter, valued at approximately $18.8 million and representing about 0.21% of the company. Institutional investors collectively own nearly 90% of NNN REIT.
• NNN REIT reported quarterly EPS of $0.52, exceeding analysts’ $0.51 estimate, while revenue reached $244.27 million. The company also raised its quarterly dividend from $0.60 to $0.62, implying a 5.4% annualized yield.
• Shares opened at $45.69, and analysts maintain a consensus “Hold” rating with an average price target of $47.60, despite ratings ranging from Buy to Sell.

Corient Private Wealth LP acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 404,373 shares of the real estate investment trust's stock, valued at approximately $18,815,000. Corient Private Wealth LP owned about 0.21% of NNN REIT at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NNN. Clearstead Trust LLC bought a new stake in shares of NNN REIT in the 2nd quarter valued at about $27,000. Avalon Trust Co bought a new position in NNN REIT during the 2nd quarter worth approximately $38,000. Root Financial Partners LLC grew its position in NNN REIT by 3,354.1% during 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 last quarter. Ascentis Independent Advisors purchased a new position in NNN REIT in the 1st quarter worth approximately $76,000. Finally, Global Retirement Partners LLC purchased a new position in NNN REIT in the 2nd quarter worth approximately $89,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

NNN REIT Stock Up 0.8%

Shares of NNN REIT stock opened at $45.69 on Friday. 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's fifty day simple moving average is $47.10 and its two-hundred day simple moving average is $45.27. The company has a market cap of $8.77 billion, a P/E ratio of 22.40, a PEG ratio of 7.33 and a beta of 0.79. NNN REIT, Inc. has a 12-month low of $38.90 and a 12-month high of $50.00.

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 the consensus estimate of $0.51 by $0.01. The firm 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. Research analysts anticipate 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. Investors of record on Friday, July 31st were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from NNN REIT's previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. NNN REIT's payout ratio is currently 121.57%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NNN. Morgan Stanley lowered NNN REIT from an "overweight" rating to an "equal weight" rating and set a $50.00 price objective for the company. in a research note on Monday, July 20th. Huntington initiated coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 target price on the stock. Robert W. Baird set a $49.00 price target on shares of NNN REIT in a report on Thursday, August 6th. Royal Bank Of Canada increased their price target on shares of NNN REIT from $44.00 to $47.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Finally, B. Riley Financial reissued a "neutral" rating and issued a $47.50 price target (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, NNN REIT presently has a consensus rating of "Hold" and a consensus target price 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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