Evolve Private Wealth LLC Buys Shares of 22,533 NNN REIT, Inc. $NNN

Key Points

• Evolve Private Wealth purchased 22,533 shares of NNN REIT during the second quarter, valued at approximately $1.05 million. Institutional investors collectively own nearly 90% of the company’s stock.
• Analysts maintain a consensus “Hold” rating on NNN, with an average price target of $47.60; individual targets range from $48 to $51.
• NNN REIT exceeded quarterly earnings and revenue expectations and raised its quarterly dividend from $0.60 to $0.62 per share, equal to a 5.4% annualized yield.

Evolve Private Wealth LLC purchased a new position in NNN REIT, Inc. (NYSE:NNN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,533 shares of the real estate investment trust's stock, valued at approximately $1,048,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NNN. BlackRock Inc. bought a new stake in shares of NNN REIT during the 2nd quarter worth $1,242,752,000. Bank of New York Mellon Corp bought a new position in NNN REIT in the second quarter valued at $85,430,000. Equity Investment Corp purchased a new stake in NNN REIT during the second quarter valued at about $77,566,000. Ieq Capital LLC purchased a new stake in NNN REIT during the second quarter valued at about $29,423,000. Finally, Sound Income Strategies LLC lifted its stake in NNN REIT by 1.6% during the first quarter. Sound Income Strategies LLC now owns 476,389 shares of the real estate investment trust's stock worth $20,223,000 after purchasing an additional 7,344 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NNN. Evercore set a $48.00 price objective on NNN REIT in a report on Thursday, August 6th. Huntington started coverage on NNN REIT in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 target price for the company. Wall Street Zen raised NNN REIT from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. Wells Fargo & Company increased their price target on shares of NNN REIT from $45.00 to $49.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 15th. Finally, Robert W. Baird set a $49.00 price objective on shares of NNN REIT 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.60.

NNN REIT Price Performance

NNN opened at $45.83 on Monday. 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 50 day simple moving average is $47.05 and its 200 day simple moving average is $45.17. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 7.41 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 announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating 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 firm had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, analysts predict that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 5.4%. 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. NNN REIT's dividend 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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