EP Wealth Advisors LLC bought a new position in NNN REIT, Inc. (NYSE:NNN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 26,023 shares of the real estate investment trust's stock, valued at approximately $1,211,000.
A number of other large investors have also bought and sold shares of the business. Deutsche Bank AG acquired a new position in NNN REIT in the second quarter worth $19,961,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of NNN REIT in the second quarter valued at $1,165,000. Orographic Financial Advisors LLC bought a new position in shares of NNN REIT in the first quarter valued at about $1,255,000. BlackRock Inc. bought a new position in shares of NNN REIT in the second quarter valued at about $1,242,752,000. Finally, Equity Investment Corp acquired a new position in NNN REIT during the 2nd quarter worth about $77,566,000. 89.96% of the stock is currently owned by institutional investors.
NNN REIT Price Performance
Shares of NYSE:NNN opened at $45.83 on Monday. NNN REIT, Inc. has a one year low of $38.90 and a one year high of $50.00. The company has a 50 day moving average of $47.05 and a 200-day moving average of $45.17. 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 cap of $8.80 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 7.41 and a beta of 0.79.
NNN REIT (NYSE:NNN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. The firm had revenue of $244.27 million for 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. On average, sell-side analysts forecast that NNN REIT, Inc. will post 3.5 earnings per share for the current year.
NNN REIT Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis 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 presently 121.57%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on NNN shares. Wall Street Zen raised shares of NNN REIT from a "sell" rating to a "hold" rating in a report on Sunday, June 28th. Royal Bank Of Canada upped their target price on shares of NNN REIT from $44.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Huntington started coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They set an "outperform" rating and a $51.00 price target on the stock. Morgan Stanley lowered shares of NNN REIT from an "overweight" rating to an "equal weight" rating and set a $50.00 price target for the company. in a report on Monday, July 20th. Finally, National Bank Financial set a $50.00 price objective on shares of NNN REIT in a research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $47.60.
View Our Latest Stock Report on NNN
About NNN REIT
(
Free Report)
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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