GSA Capital Partners LLP Takes Position in NNN REIT, Inc. $NNN

GSA Capital Partners LLP purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,010 shares of the real estate investment trust’s stock, valued at approximately $791,000.

A number of other hedge funds have also made changes to their positions in NNN. Sound Income Strategies LLC increased its stake in shares of NNN REIT by 1.6% in the first quarter. Sound Income Strategies LLC now owns 476,389 shares of the real estate investment trust’s stock worth $20,223,000 after buying an additional 7,344 shares during the last quarter. SG Americas Securities LLC boosted its stake in NNN REIT by 798.2% during the 1st quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock valued at $11,301,000 after acquiring an additional 238,938 shares during the last quarter. Captrust Financial Advisors boosted its stake in NNN REIT by 17.3% during the 3rd quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock valued at $5,757,000 after acquiring an additional 19,976 shares during the last quarter. Horizon Investments LLC boosted its stake in NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after acquiring an additional 30,333 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in NNN REIT by 1.0% during the 4th quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NNN. Jefferies Financial Group began coverage on shares of NNN REIT in a research report on Monday, June 1st. They issued a “hold” rating and a $47.00 target price for the company. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Royal Bank Of Canada lifted their price target on NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Robert W. Baird set a $49.00 price objective on NNN REIT in a report on Thursday, August 6th. Finally, Citigroup upped their price objective on NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, NNN REIT presently has an average rating of “Hold” and a consensus price target of $47.60.

NNN REIT Stock Down 0.6%

Shares of NYSE:NNN opened at $45.89 on Wednesday. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 7.47 and a beta of 0.79. NNN REIT, Inc. has a 1-year low of $38.90 and a 1-year high of $50.00. The company’s fifty day moving average is $47.07 and its two-hundred day moving average is $45.08. 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 posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities analysts anticipate that NNN REIT, Inc. will post 3.49 EPS for the current year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.62 dividend. The ex-dividend date was Friday, July 31st. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. NNN REIT’s payout ratio is presently 121.57%.

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.