Susquehanna Fundamental Investments LLC Invests $3.10 Million in NNN REIT, Inc. $NNN

Key Points

• Susquehanna Fundamental Investments acquired 66,610 shares of NNN REIT worth approximately $3.10 million, while institutional investors collectively own nearly 90% of the company.
• NNN REIT beat quarterly expectations with adjusted EPS of $0.52 versus the $0.51 consensus and revenue of $244.27 million, compared with estimates of $240.19 million.
• The company raised its quarterly dividend to $0.62 per share, or $2.48 annually, representing a 5.5% yield; analysts maintain a consensus “Hold” rating with a $47.60 price target.

Susquehanna Fundamental Investments LLC acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 66,610 shares of the real estate investment trust's stock, valued at approximately $3,099,000.

A number of other large investors also recently modified their holdings of the company. Deutsche Bank AG bought a new stake in NNN REIT during the second quarter valued at about $19,961,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of NNN REIT in the second quarter valued at about $1,165,000. Bank of New York Mellon Corp bought a new position in shares of NNN REIT in the second quarter worth about $85,430,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of NNN REIT in the second quarter worth about $7,590,000. Finally, Orographic Financial Advisors LLC purchased a new stake in shares of NNN REIT during the first quarter worth about $1,255,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

NNN REIT Trading Down 1.0%

NNN stock opened at $45.20 on Tuesday. The firm has a fifty day moving average price of $47.10 and a 200 day moving average price of $45.30. NNN REIT, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $50.00. 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 $8.68 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 7.38 and a beta of 0.79.

NNN REIT (NYSE:NNN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) 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 company had revenue of $244.27 million for 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. Sell-side 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 announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.62 per share. The ex-dividend date was Friday, July 31st. This represents a $2.48 annualized dividend and a dividend yield of 5.5%. This is a positive change from NNN REIT's previous quarterly dividend of $0.60. NNN REIT's dividend payout ratio is currently 121.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NNN. 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 increased their price objective on shares of NNN REIT from $45.00 to $49.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th. Royal Bank Of Canada lifted 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 report on Thursday, August 6th. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of NNN REIT from a "sell" rating to a "hold" rating in a research report on Sunday, June 28th. 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 stock. According to data from MarketBeat.com, NNN REIT presently has an average rating of "Hold" and a consensus price target of $47.60.

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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