47,377 Shares in NNN REIT, Inc. $NNN Purchased by Investor s Fiduciary Advisor Network LLC

Investor s Fiduciary Advisor Network LLC acquired a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 47,377 shares of the real estate investment trust’s stock, valued at approximately $2,204,000.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of NNN REIT during the second quarter valued at approximately $8,825,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of NNN REIT during the second quarter valued at approximately $245,000. Capital Square LLC bought a new stake in shares of NNN REIT in the 2nd quarter worth approximately $304,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of NNN REIT in the 2nd quarter worth approximately $204,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of NNN REIT in the 2nd quarter worth approximately $304,000. Institutional investors own 89.96% of the company’s stock.

NNN REIT Stock Performance

Shares of NYSE:NNN opened at $45.83 on Monday. The stock’s 50-day simple moving average is $47.05 and its two-hundred day simple moving average is $45.17. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 7.41 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 company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15.

NNN REIT (NYSE:NNN) last released 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 net margin of 40.35% and a return on equity of 8.70%. The business 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. Analysts expect that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The firm also recently announced 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. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.48 annualized dividend and a yield of 5.4%. NNN REIT’s dividend payout ratio is 121.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Morgan Stanley downgraded NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a report on Monday, July 20th. B. Riley Financial reaffirmed a “neutral” rating and issued a $47.50 price target (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Finally, Huntington began coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.