15,411 Shares in NNN REIT, Inc. $NNN Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. bought a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the 3rd quarter, Holdings Channel.com reports. The fund bought 15,411 shares of the real estate investment trust’s stock, valued at approximately $633,000.

A number of other large investors have also modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of NNN REIT by 7.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,482 shares of the real estate investment trust’s stock valued at $1,992,000 after buying an additional 3,375 shares during the period. New Wave Wealth Advisors LLC grew its holdings in NNN REIT by 90.4% during the third quarter. New Wave Wealth Advisors LLC now owns 9,236 shares of the real estate investment trust’s stock worth $374,000 after acquiring an additional 4,385 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new position in NNN REIT during the third quarter worth $41,000. TT Capital Management LLC raised its position in NNN REIT by 5.5% in the third quarter. TT Capital Management LLC now owns 55,950 shares of the real estate investment trust’s stock worth $2,299,000 after acquiring an additional 2,925 shares in the last quarter. Finally, Curated Wealth Partners LLC purchased a new position in NNN REIT in the third quarter worth $443,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on NNN shares. B. Riley Financial reissued 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. Huntington assumed coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price target on the stock. Royal Bank Of Canada increased their price target on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Wells Fargo & Company cut their price target on shares of NNN REIT from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Finally, Morgan Stanley upgraded shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Monday, September 21st. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, NNN REIT currently has an average rating of “Hold” and an average price target of $46.88.

NNN REIT Stock Up 0.8%

NNN REIT stock opened at $42.06 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 5.67 and a beta of 0.78. NNN REIT, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $50.00. The stock’s fifty day moving average is $42.79 and its two-hundred day moving average is $44.26.

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 (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Analysts predict that NNN REIT, Inc. will post 3.52 EPS for the current fiscal year.

NNN REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.48 dividend on an annualized basis and a yield of 5.9%. NNN REIT’s dividend payout ratio is presently 121.57%.

NNN REIT Company Profile

NNN REIT, Inc is a real estate investment trust that owns and manages a diversified portfolio of freestanding retail properties. The company primarily invests in properties that are leased to retail businesses under long-term, triple-net agreements, under which tenants generally pay property taxes, insurance and maintenance costs in addition to rent.

The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.