22,533 Shares in NNN REIT, Inc. $NNN Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new stake in shares of NNN REIT, Inc. (NYSE:NNN) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 22,533 shares of the real estate investment trust’s stock, valued at approximately $1,048,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new stake in shares of NNN REIT in the 2nd quarter worth about $19,961,000. Focus Partners Advisor Solutions LLC purchased a new stake in NNN REIT in the second quarter worth about $1,165,000. Orographic Financial Advisors LLC purchased a new position in shares of NNN REIT during the 1st quarter worth approximately $1,255,000. BlackRock Inc. purchased a new position in shares of NNN REIT during the 2nd quarter worth approximately $1,242,752,000. Finally, Equity Investment Corp bought a new position in shares of NNN REIT in the 2nd quarter worth approximately $77,566,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NNN shares. Huntington started coverage on NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price target on the stock. Citigroup increased their price objective on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. National Bank Financial set a $50.00 price objective on NNN REIT in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on shares of NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings downgraded shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company 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 Monday. NNN REIT, Inc. has a 12 month low of $38.90 and a 12 month high of $50.00. The stock has a market cap of $8.80 billion, a P/E ratio of 22.47, a P/E/G ratio of 7.41 and a beta of 0.79. The stock’s fifty day moving average price is $47.05 and its 200-day moving average price is $45.17. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm 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. As a group, equities analysts forecast that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

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

NNN REIT 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.