Jupiter Topco LLC Invests $9.31 Million in NNN REIT, Inc. $NNN

Key Points

• Jupiter Topco LLC acquired 200,016 shares of NNN REIT worth approximately $9.31 million, representing a 0.10% stake. Institutional investors collectively own 89.96% of the company.
• Analysts maintain a consensus “Hold” rating on NNN, with an average price target of $47.60; shares recently opened at $45.69.
• NNN REIT exceeded quarterly earnings and revenue estimates, reporting EPS of $0.52 and revenue of $244.27 million. The company also raised its quarterly dividend to $0.62 per share, implying a 5.4% annualized yield.

Jupiter Topco LLC acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 200,016 shares of the real estate investment trust's stock, valued at approximately $9,309,000. Jupiter Topco LLC owned 0.10% of NNN REIT at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC bought a new position in NNN REIT in the 2nd quarter worth $27,000. Avalon Trust Co purchased a new position in NNN REIT during the second quarter valued at $38,000. Root Financial Partners LLC grew its holdings in NNN REIT by 3,354.1% during the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 1,241 shares during the period. Ascentis Independent Advisors bought a new stake in NNN REIT during the first quarter valued at about $76,000. Finally, Global Retirement Partners LLC purchased a new stake in NNN REIT in the second quarter worth about $89,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NNN shares. National Bank Financial set a $50.00 price objective on NNN REIT in a research note on Monday, July 20th. Citigroup boosted their price objective on NNN REIT from $42.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of NNN REIT from a "sell" rating to a "hold" rating in a report on Sunday, June 28th. Wells Fargo & Company increased their price objective on shares of NNN REIT from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 15th. Finally, Morgan Stanley cut 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 research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, NNN REIT has a consensus rating of "Hold" and an average target price of $47.60.

NNN REIT Stock Up 0.0%

Shares of NNN opened at $45.69 on Monday. The business's 50 day moving average is $47.10 and its 200 day moving average is $45.29. The company has a market capitalization of $8.77 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 7.38 and a beta of 0.79. NNN REIT, Inc. has a 12-month low of $38.90 and a 12-month high of $50.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN - Get Free Report) last posted its quarterly earnings results 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. Research analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, July 31st. 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 5.4%. NNN REIT's dividend payout ratio is currently 121.57%.

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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