Ieq Capital LLC Acquires New Stake in NNN REIT, Inc. $NNN

Ieq Capital LLC acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 632,349 shares of the real estate investment trust’s stock, valued at approximately $29,423,000.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC bought a new position in shares of NNN REIT during the second quarter valued at $27,000. Avalon Trust Co bought a new position in NNN REIT in the 2nd quarter worth about $38,000. Root Financial Partners LLC boosted its stake in NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,241 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in NNN REIT during the 1st quarter valued at about $76,000. Finally, Global Retirement Partners LLC purchased a new stake in NNN REIT during the 2nd quarter valued at about $89,000. 89.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NNN has been the subject of several recent analyst reports. Morgan Stanley cut shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a report on Monday, July 20th. Huntington assumed coverage on shares of NNN REIT in a report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price target on the stock. B. Riley Financial reissued a “neutral” rating and set a $47.50 price target (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Wells Fargo & Company upped their price objective on NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Finally, Citigroup increased their target price 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 equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.60.

NNN REIT Price Performance

Shares of NYSE:NNN opened at $45.83 on Friday. 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 cap of $8.80 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 7.45 and a beta of 0.79. The business has a 50-day simple moving average of $47.05 and a two-hundred day simple moving average of $45.15. 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, topping analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The firm 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. On average, analysts expect that NNN REIT, Inc. will post 3.5 earnings per share 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 given a $0.62 dividend. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. 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%.

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.