Deutsche Bank AG Acquires Shares of 428,998 NNN REIT, Inc. $NNN

Deutsche Bank AG acquired a new stake in NNN REIT, Inc. (NYSE:NNN - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 428,998 shares of the real estate investment trust's stock, valued at approximately $19,961,000. Deutsche Bank AG owned 0.23% of NNN REIT at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC lifted its holdings in shares of NNN REIT by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust's stock valued at $252,000 after acquiring an additional 251 shares during the period. Parallel Advisors LLC grew its holdings in shares of NNN REIT by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust's stock worth $243,000 after purchasing an additional 567 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NNN REIT by 24.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust's stock worth $136,000 after purchasing an additional 573 shares during the last quarter. Clearstead Trust LLC acquired a new stake in shares of NNN REIT during the 2nd quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of NNN REIT by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust's stock worth $275,000 after purchasing an additional 658 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NNN has been the topic of several recent analyst reports. National Bank Financial set a $50.00 target price on NNN REIT in a report on Monday, July 20th. Huntington initiated coverage on NNN REIT in a report on Wednesday, July 15th. They set an "outperform" rating and a $51.00 price target for the company. Wall Street Zen upgraded NNN REIT from a "sell" rating to a "hold" rating in a research report on Sunday, June 28th. Robert W. Baird set a $49.00 price objective on NNN REIT in a research note on Thursday, August 6th. Finally, Morgan Stanley cut 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. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $47.60.

NNN REIT Price Performance

NNN opened at $45.83 on Friday. 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 has a market capitalization of $8.80 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 7.41 and a beta of 0.79. The company's 50 day simple moving average is $47.05 and its 200-day simple moving average is $45.15. NNN REIT, Inc. has a one year low of $38.90 and a one year high of $50.00.

NNN REIT (NYSE:NNN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share 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. Sell-side analysts anticipate that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 5.4%. This is a boost from NNN REIT's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT's payout ratio is currently 121.57%.

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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