NNN REIT, Inc. $NNN Stake Decreased by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD cut its stake in shares of NNN REIT, Inc. (NYSE:NNN) by 96.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,250 shares of the real estate investment trust’s stock after selling 1,079,393 shares during the period. Mondrian Investment Partners LTD’s holdings in NNN REIT were worth $1,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG acquired a new stake in NNN REIT in the 2nd quarter valued at approximately $19,961,000. Hsbc Holdings PLC lifted its stake in NNN REIT by 33.2% during the second quarter. Hsbc Holdings PLC now owns 689,173 shares of the real estate investment trust’s stock worth $32,228,000 after purchasing an additional 171,669 shares in the last quarter. Corient Private Wealth LP lifted its stake in NNN REIT by 35.7% during the second quarter. Corient Private Wealth LP now owns 434,654 shares of the real estate investment trust’s stock worth $20,224,000 after purchasing an additional 114,265 shares in the last quarter. Amundi boosted its position in shares of NNN REIT by 106.7% during the second quarter. Amundi now owns 227,185 shares of the real estate investment trust’s stock worth $10,571,000 after buying an additional 117,285 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of NNN REIT during the second quarter worth $85,430,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

NNN REIT Stock Performance

NYSE:NNN opened at $41.70 on Friday. NNN REIT, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00. The company has a fifty day simple moving average of $42.84 and a two-hundred day simple moving average of $44.74. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 5.67 and a beta of 0.78.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $244.27 million for the quarter, compared to analysts’ expectations 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. As a group, equities analysts anticipate that NNN REIT, Inc. will post 3.52 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The company 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 dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, October 30th. NNN REIT’s dividend payout ratio is presently 121.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Evercore set a $47.00 price objective on NNN REIT in a report on Monday, September 21st. Wall Street Zen upgraded NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Robert W. Baird set a $49.00 target price on NNN REIT in a report on Thursday, August 6th. Barclays dropped their target price on NNN REIT from $47.00 to $43.00 and set an “underweight” rating for the company in a research report on Tuesday, October 20th. Finally, Morgan Stanley upgraded shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Monday, September 21st. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.88.

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.