Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in NNN REIT, Inc. $NNN

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 163,128 shares of the real estate investment trust’s stock, valued at approximately $7,590,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of NNN REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NNN. Clearstead Trust LLC acquired a new stake in shares of NNN REIT during the 2nd quarter worth approximately $27,000. Avalon Trust Co bought a new position in NNN REIT in the second quarter valued at approximately $38,000. Root Financial Partners LLC raised its position in NNN REIT by 3,354.1% during the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,241 shares in the last quarter. Ascentis Independent Advisors acquired a new position in NNN REIT during the first quarter valued at approximately $76,000. Finally, Global Retirement Partners LLC acquired a new position in NNN REIT during the second quarter valued at approximately $89,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. B. Riley Financial reiterated a “neutral” rating and issued a $47.50 price target (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Huntington assumed coverage on NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price objective for the company. Royal Bank Of Canada raised their price objective on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Morgan Stanley cut NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research report on Monday, July 20th. Finally, Weiss Ratings downgraded NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Three equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.60.

NNN REIT Stock Performance

NYSE NNN opened at $45.83 on Friday. The firm’s fifty day moving average price is $47.05 and its two-hundred day moving average price is $45.15. The stock has a market cap of $8.80 billion, a PE ratio of 22.47, a PEG ratio of 7.45 and a beta of 0.79. 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, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $50.00.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS 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 during the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities analysts expect that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

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

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.