16,746 Shares in NNN REIT, Inc. $NNN Purchased by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,746 shares of the real estate investment trust’s stock, valued at approximately $779,000.

A number of other institutional investors also recently made changes to their positions in the business. Waverly Advisors LLC increased its stake in shares of NNN REIT by 155.1% in the second quarter. Waverly Advisors LLC now owns 14,166 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 8,613 shares during the last quarter. Nykredit A S bought a new position in NNN REIT during the 2nd quarter valued at $377,000. Parkside Financial Bank & Trust grew its holdings in NNN REIT by 155.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 335 shares in the last quarter. Corient Private Wealth LP grew its holdings in NNN REIT by 35.7% during the 2nd quarter. Corient Private Wealth LP now owns 434,654 shares of the real estate investment trust’s stock worth $20,224,000 after acquiring an additional 114,265 shares in the last quarter. Finally, Amundi increased its position in shares of NNN REIT by 106.7% in the 2nd quarter. Amundi now owns 227,185 shares of the real estate investment trust’s stock worth $10,571,000 after purchasing an additional 117,285 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NNN has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Wells Fargo & Company reduced their target price on NNN REIT from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Robert W. Baird set a $49.00 target price on NNN REIT in a research report on Thursday, August 6th. Barclays upped their price target on NNN REIT from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday. Finally, National Bank Financial set a $50.00 price objective on NNN REIT in a research note on Monday, July 20th. Three research 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’s stock. According to MarketBeat.com, NNN REIT presently has a consensus rating of “Hold” and an average price target of $47.60.

NNN REIT Stock Performance

Shares of NYSE:NNN traded down $0.15 during trading hours on Tuesday, hitting $44.48. The stock had a trading volume of 1,681,606 shares, compared to its average volume of 1,587,012. The stock’s fifty day simple moving average is $46.92 and its 200 day simple moving average is $45.33. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 7.22 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 1-year low of $38.90 and a 1-year high of $50.00.

NNN REIT (NYSE:NNN) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping 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 business 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. Sell-side analysts anticipate 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. Investors of record on Friday, July 31st were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 5.6%. NNN REIT’s dividend payout ratio is currently 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.