UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in NNN REIT, Inc. $NNN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of NNN REIT, Inc. (NYSE:NNN) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,180,472 shares of the real estate investment trust’s stock after selling 17,935 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NNN REIT were worth $54,927,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in NNN REIT in the 2nd quarter worth about $1,242,752,000. Bank of America Corp DE purchased a new stake in shares of NNN REIT in the second quarter valued at approximately $87,737,000. Bank of New York Mellon Corp purchased a new stake in shares of NNN REIT in the second quarter valued at approximately $85,430,000. Equity Investment Corp bought a new position in NNN REIT in the second quarter worth approximately $77,566,000. Finally, Jefferies Financial Group Inc. purchased a new position in NNN REIT during the 2nd quarter worth $66,584,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

NNN REIT Trading Down 0.4%

NNN opened at $45.08 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 7.32 and a beta of 0.79. NNN REIT, Inc. has a 12 month low of $38.90 and a 12 month high of $50.00. The stock has a fifty day moving average price of $47.05 and a 200-day moving average price of $45.33.

NNN REIT (NYSE:NNN) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.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. As a group, equities research analysts anticipate that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.62 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio (DPR) is 121.57%.

Analyst Ratings Changes

Several brokerages have weighed in on NNN. B. Riley Financial reiterated a “neutral” rating and issued a $47.50 target price (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Evercore set a $48.00 price objective on NNN REIT in a report on Thursday, August 6th. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a research note on Thursday, August 6th. Royal Bank Of Canada increased their target price on shares of NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Finally, Huntington assumed coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 target price on the stock. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $47.47.

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.