Hsbc Holdings PLC Invests $32.23 Million in NNN REIT, Inc. $NNN

Key Points

• HSBC Holdings purchased 689,173 shares of NNN REIT in the second quarter, valued at approximately $32.23 million, giving it a 0.36% stake. Institutional investors collectively own 89.96% of the stock.
• Analysts have a consensus “Hold” rating on NNN REIT, with an average price target of $47.60; ratings include three Buys, nine Holds, and two Sells.
• NNN REIT beat quarterly earnings and revenue estimates, reporting $0.52 in EPS and $244.27 million in revenue. The company also raised its quarterly dividend to $0.62, equivalent to a 5.5% annualized yield.

Hsbc Holdings PLC purchased a new stake in NNN REIT, Inc. (NYSE:NNN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 689,173 shares of the real estate investment trust's stock, valued at approximately $32,228,000. Hsbc Holdings PLC owned approximately 0.36% of NNN REIT at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Deutsche Bank AG bought a new position in NNN REIT during the 2nd quarter worth $19,961,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of NNN REIT during the 2nd quarter valued at $1,165,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of NNN REIT during the 2nd quarter valued at $7,590,000. Orographic Financial Advisors LLC acquired a new stake in shares of NNN REIT during the 1st quarter worth $1,255,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of NNN REIT during the 2nd quarter worth $85,430,000. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on NNN. Wall Street Zen raised NNN REIT from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. Evercore set a $48.00 price objective on shares of NNN REIT in a research note on Thursday, August 6th. Morgan Stanley lowered shares of 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. Huntington assumed coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 target price for the company. Finally, Royal Bank Of Canada increased their price target 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. 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 company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $47.60.

NNN REIT Price Performance

NNN REIT stock opened at $45.34 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. NNN REIT, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00. The stock has a market capitalization of $8.70 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 7.38 and a beta of 0.79. The stock has a fifty day moving average of $47.08 and a 200-day moving average of $45.27.

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, topping 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 business 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. On average, sell-side analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date 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 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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