Jefferies Financial Group Inc. Purchases Shares of 1,431,000 NNN REIT, Inc. $NNN

Jefferies Financial Group Inc. purchased a new stake in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,431,000 shares of the real estate investment trust's stock, valued at approximately $66,584,000. NNN REIT comprises about 0.4% of Jefferies Financial Group Inc.'s investment portfolio, making the stock its 27th biggest holding. Jefferies Financial Group Inc. owned approximately 0.75% of NNN REIT as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG bought a new stake in NNN REIT during the second quarter valued at approximately $19,961,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of NNN REIT during the 2nd quarter worth $1,165,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of NNN REIT during the 2nd quarter worth $7,590,000. Orographic Financial Advisors LLC bought a new stake in shares of NNN REIT during the 1st quarter valued at $1,255,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of NNN REIT during the 2nd quarter valued at $85,430,000. Institutional investors own 89.96% of the company's stock.

Analyst Ratings Changes

NNN has been the subject of several analyst reports. Weiss Ratings cut NNN REIT from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. Wells Fargo & Company boosted their price target on NNN REIT from $45.00 to $49.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th. Huntington started coverage on NNN REIT in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 price target for the company. Royal Bank Of Canada raised their price objective on NNN REIT from $44.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 6th. Finally, Citigroup lifted their price objective on NNN REIT from $42.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, NNN REIT has an average rating of "Hold" and a consensus target price of $47.60.

NNN REIT Stock Performance

Shares of NYSE NNN opened at $45.34 on Friday. The firm has a fifty day moving average price of $47.08 and a 200-day moving average price of $45.27. 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 $8.70 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 7.38 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 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $244.27 million for the quarter, compared to the consensus estimate 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. Equities analysts anticipate that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.62 per share. This is a boost from NNN REIT's previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT's 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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