OVERSEA CHINESE BANKING Corp Ltd Invests $6.07 Million in NNN REIT, Inc. $NNN

Key Points

• Oversea-Chinese Banking Corp. Ltd. acquired 130,490 shares of NNN REIT worth approximately $6.07 million, giving it a 0.07% stake. Institutional investors collectively own nearly 90% of the REIT.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $47.60; NNN shares recently opened at $46.17.
• NNN REIT reported quarterly EPS of $0.52, slightly above estimates, and raised its quarterly dividend to $0.62 per share—an annualized $2.48 payout and approximately 5.4% yield.

OVERSEA CHINESE BANKING Corp Ltd bought a new position in NNN REIT, Inc. (NYSE:NNN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 130,490 shares of the real estate investment trust's stock, valued at approximately $6,072,000. OVERSEA CHINESE BANKING Corp Ltd owned about 0.07% of NNN REIT at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NNN. Clearstead Trust LLC bought a new stake in NNN REIT during the 2nd quarter worth approximately $27,000. Avalon Trust Co purchased a new stake in NNN REIT in the 2nd quarter valued at $38,000. Root Financial Partners LLC raised its position in NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 1,241 shares during the last quarter. Ascentis Independent Advisors bought a new position in NNN REIT during the 1st quarter valued at $76,000. Finally, Global Retirement Partners LLC bought a new position in NNN REIT during the 2nd quarter valued at $89,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NNN shares. Jefferies Financial Group started coverage on shares of NNN REIT in a research note on Monday, June 1st. They issued a "hold" rating and a $47.00 target price for the company. National Bank Financial set a $50.00 price target on shares of NNN REIT in a report on Monday, July 20th. Wall Street Zen raised shares of NNN REIT from a "sell" rating to a "hold" rating in a research report on Sunday, June 28th. Royal Bank Of Canada increased their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the company a "sector perform" rating in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $49.00 target price on NNN REIT in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $47.60.

NNN REIT Stock Performance

Shares of NNN stock opened at $46.17 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. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 7.48 and a beta of 0.79. NNN REIT, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00. The firm's 50-day simple moving average is $47.07 and its two-hundred day simple moving average is $45.14.

NNN REIT (NYSE:NNN - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. 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, equities analysts forecast that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

The company also recently disclosed 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 represents a $2.48 annualized dividend and a yield of 5.4%. This is a positive change from NNN REIT's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT's dividend payout ratio is currently 121.57%.

About NNN REIT

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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