189,665 Shares in NNN REIT, Inc. $NNN Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 189,665 shares of the real estate investment trust’s stock, valued at approximately $8,825,000.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in NNN REIT in the 2nd quarter valued at $1,242,752,000. Bank of New York Mellon Corp bought a new position in shares of NNN REIT during the 2nd quarter worth about $85,430,000. Equity Investment Corp bought a new position in shares of NNN REIT during the 2nd quarter worth about $77,566,000. Ieq Capital LLC bought a new position in shares of NNN REIT during the 2nd quarter worth about $29,423,000. Finally, Deutsche Bank AG acquired a new position in shares of NNN REIT during the second quarter valued at about $19,961,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

NNN REIT Trading Up 1.1%

Shares of NNN REIT stock opened at $46.33 on Tuesday. The firm has a market capitalization of $8.89 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 7.41 and a beta of 0.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The company’s fifty day moving average price is $47.06 and its two-hundred day moving average price is $45.20. NNN REIT, Inc. has a 52-week low of $38.90 and a 52-week high of $50.00.

NNN REIT (NYSE:NNN) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, analysts expect that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 5.4%. 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. NNN REIT’s dividend payout ratio (DPR) is currently 121.57%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NNN. Royal Bank Of Canada increased their target price 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. Huntington assumed coverage on NNN REIT in a research note on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price target on the stock. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. B. Riley Financial reiterated a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group started coverage on NNN REIT in a report on Monday, June 1st. They set a “hold” rating and a $47.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.60.

NNN REIT Company Profile

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.