Horizon Investments LLC Sells 46,701 Shares of NNN REIT, Inc. $NNN

Key Points

• Horizon Investments cut its stake in NNN REIT by 60.6% in Q4, selling 46,701 shares and leaving 30,321 shares worth about $1.20M, while institutional investors own roughly 89.96% of the stock.
• Significant insider selling occurred recently: CEO Stephen A. Horn, Jr. sold 33,192 shares for about $1.49M and EVP Jonathan Adamo sold 6,000 shares, leaving insiders with 0.90% ownership.
• NNN missed quarterly EPS by $0.01 at $0.50 despite revenue rising 4.1%, announced a quarterly dividend of $0.60 (annualized $2.40, ~5.4% yield), and set FY2026 EPS guidance of 3.480–3.540 with a consensus rating of "Hold" and average target ~$45.41.

Horizon Investments LLC lowered its stake in NNN REIT, Inc. (NYSE:NNN - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,321 shares of the real estate investment trust's stock after selling 46,701 shares during the quarter. Horizon Investments LLC's holdings in NNN REIT were worth $1,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quent Capital LLC bought a new position in NNN REIT during the 3rd quarter worth about $51,000. Ameriflex Group Inc. lifted its holdings in shares of NNN REIT by 1,266.1% in the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 2,165 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of NNN REIT by 1,066.9% during the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust's stock worth $182,000 after buying an additional 3,905 shares during the period. Bayforest Capital Ltd boosted its position in shares of NNN REIT by 705.2% during the third quarter. Bayforest Capital Ltd now owns 4,525 shares of the real estate investment trust's stock worth $193,000 after buying an additional 3,963 shares during the period. Finally, Hanson & Doremus Investment Management bought a new position in shares of NNN REIT during the fourth quarter worth about $187,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

NNN has been the topic of several research reports. Royal Bank Of Canada boosted their target price on NNN REIT from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Friday, May 1st. Raymond James Financial reaffirmed a "market perform" rating on shares of NNN REIT in a research note on Tuesday, March 17th. UBS Group lifted their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, March 9th. Barclays boosted their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane increased their target price on shares of NNN REIT from $43.00 to $44.00 and gave the stock a "strong sell" rating in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $45.41.

NNN REIT Stock Up 0.7%

NNN stock opened at $44.74 on Thursday. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 5.36 and a beta of 0.82. NNN REIT, Inc. has a twelve month low of $38.90 and a twelve month high of $46.03. The business has a 50 day moving average price of $44.01 and a two-hundred day moving average price of $42.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The company had revenue of $240.01 million during the quarter, compared to analyst estimates of $237.76 million. During the same period in the previous year, the company posted $0.87 EPS. The company's quarterly revenue was up 4.1% compared to the same quarter last year. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Analysts anticipate that NNN REIT, Inc. will post 3.48 EPS for the current fiscal year.

NNN REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, April 30th. NNN REIT's dividend payout ratio (DPR) is presently 116.50%.

Insider Activity at NNN REIT

In other NNN REIT news, CEO Stephen A. Horn, Jr. sold 33,192 shares of NNN REIT stock in a transaction on Monday, March 9th. The shares were sold at an average price of $44.98, for a total transaction of $1,492,976.16. Following the completion of the transaction, the chief executive officer directly owned 822,711 shares of the company's stock, valued at $37,005,540.78. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Adamo sold 6,000 shares of the company's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $44.99, for a total transaction of $269,940.00. Following the completion of the transaction, the executive vice president owned 126,358 shares in the company, valued at approximately $5,684,846.42. This represents a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company's stock.

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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