Quantbot Technologies LP Invests $3.85 Million in NNN REIT, Inc. $NNN

Quantbot Technologies LP bought a new stake in shares of NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 82,835 shares of the real estate investment trust’s stock, valued at approximately $3,854,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in shares of NNN REIT by 3.5% in the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after purchasing an additional 3,897 shares in the last quarter. Parallel Advisors LLC boosted its holdings in NNN REIT by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 567 shares during the period. Horizon Investments LLC increased its stake in NNN REIT by 65.0% in the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after buying an additional 30,333 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in NNN REIT by 68.2% during the fourth quarter. Farther Finance Advisors LLC now owns 13,791 shares of the real estate investment trust’s stock valued at $547,000 after acquiring an additional 5,591 shares during the period. Finally, Crestwood Advisors Group LLC purchased a new position in shares of NNN REIT in the fourth quarter valued at about $239,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NNN has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Morgan Stanley downgraded shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a report on Monday, July 20th. Wells Fargo & Company lifted their target price on NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Finally, Evercore set a $48.00 price target on NNN REIT in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.60.

NNN REIT Stock Performance

Shares of NYSE:NNN opened at $45.83 on Monday. NNN REIT, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00. The stock has a market capitalization of $8.80 billion, a P/E ratio of 22.47, a PEG ratio of 7.41 and a beta of 0.79. The firm has a fifty day simple moving average of $47.05 and a two-hundred day simple moving average of $45.17. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last announced its earnings results 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. 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 for 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, analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, July 31st. NNN REIT’s dividend payout ratio (DPR) is currently 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.