SG Americas Securities LLC trimmed its position in shares of NNN REIT, Inc. (NYSE:NNN - Free Report) by 42.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,604 shares of the real estate investment trust's stock after selling 24,003 shares during the quarter. SG Americas Securities LLC's holdings in NNN REIT were worth $1,405,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in NNN. Jeppson Wealth Management LLC purchased a new position in NNN REIT during the fourth quarter valued at $993,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of NNN REIT by 95.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 61,335 shares of the real estate investment trust's stock valued at $2,167,000 after purchasing an additional 30,011 shares during the last quarter. Essex Financial Services Inc. lifted its position in NNN REIT by 12.8% during the third quarter. Essex Financial Services Inc. now owns 11,675 shares of the real estate investment trust's stock valued at $413,000 after purchasing an additional 1,326 shares during the period. Goodman Financial Corp boosted its holdings in NNN REIT by 3.6% in the third quarter. Goodman Financial Corp now owns 242,450 shares of the real estate investment trust's stock worth $8,568,000 after purchasing an additional 8,337 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. bought a new stake in NNN REIT in the 3rd quarter worth approximately $488,000. Institutional investors own 89.96% of the company's stock.
NNN REIT Stock Performance
Shares of NYSE NNN traded up $0.14 during midday trading on Friday, hitting $42.74. 1,080,520 shares of the company's stock traded hands, compared to its average volume of 1,380,837. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.26 and a current ratio of 1.26. NNN REIT, Inc. has a 1 year low of $34.38 and a 1 year high of $44.96. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 4.97 and a beta of 0.99. The firm has a fifty day moving average of $41.29 and a 200 day moving average of $39.92.
NNN REIT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a $0.565 dividend. This represents a $2.26 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Tuesday, January 30th. NNN REIT's dividend payout ratio (DPR) is presently 104.63%.
NNN REIT Profile
(
Free Report)
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.
Featured Articles
Before you consider NNN REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NNN REIT wasn't on the list.
While NNN REIT currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
