Rep. Lisa C. McClain Purchases Shares of NNN REIT, Inc. (NYSE:NNN)

Key Points

• Representative Lisa C. McClain recently purchased between $1,001 and $15,000 in shares of NNN REIT, Inc. on June 17th, which she disclosed in a filing on August 13th.
• NNN REIT announced a quarterly dividend increase to $0.60 per share, reflecting an annualized dividend yield of 5.7%, up from the previous $0.58.
• Analysts have mixed opinions on NNN REIT, with target price adjustments and ratings ranging from a recent downgrade to "strong sell" by Barclays to a "buy" rating from one analyst.

Representative Lisa C. McClain (R-Michigan) recently bought shares of NNN REIT, Inc. NYSE: NNN. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in NNN REIT stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

NNN REIT Stock Performance

Shares of NNN traded down $0.08 during mid-day trading on Tuesday, hitting $41.95. The stock had a trading volume of 875,062 shares, compared to its average volume of 1,482,617. The company has a market cap of $7.92 billion, a PE ratio of 19.98, a PEG ratio of 3.82 and a beta of 0.92. NNN REIT, Inc. has a fifty-two week low of $35.80 and a fifty-two week high of $49.57. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The company's fifty day simple moving average is $42.55 and its two-hundred day simple moving average is $41.81.

NNN REIT (NYSE:NNN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $226.80 million for the quarter, compared to the consensus estimate of $224.26 million. NNN REIT had a return on equity of 9.00% and a net margin of 43.90%.The business's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. NNN REIT has set its FY 2025 guidance at 3.340-3.390 EPS. On average, equities analysts expect that NNN REIT, Inc. will post 3.33 earnings per share for the current year.

NNN REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Thursday, July 31st. This is a positive change from NNN REIT's previous quarterly dividend of $0.58. NNN REIT's payout ratio is 114.29%.

Institutional Trading of NNN REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of NNN REIT by 3.5% in the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust's stock worth $4,977,000 after buying an additional 3,897 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of NNN REIT by 266.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,540 shares of the real estate investment trust's stock worth $239,000 after buying an additional 4,030 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of NNN REIT in the 2nd quarter worth $30,000. Sound Income Strategies LLC raised its stake in shares of NNN REIT by 8.2% in the 2nd quarter. Sound Income Strategies LLC now owns 416,058 shares of the real estate investment trust's stock worth $17,965,000 after buying an additional 31,505 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NNN REIT by 56.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,600 shares of the real estate investment trust's stock worth $155,000 after buying an additional 1,299 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NNN. Evercore ISI raised their price target on NNN REIT from $43.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. UBS Group raised their price target on NNN REIT from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Finally, Barclays downgraded NNN REIT from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, NNN REIT has a consensus rating of "Reduce" and a consensus target price of $44.25.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

NNN REIT Company Profile

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.