Stephen Horn, Jr. Sells 33,192 Shares of NNN REIT (NYSE:NNN) Stock

NNN REIT, Inc. (NYSE:NNN) CEO Stephen Horn, Jr. sold 33,192 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $44.98, for a total value of $1,492,976.16. Following the transaction, the chief executive officer owned 822,711 shares of the company’s stock, valued at $37,005,540.78. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NNN REIT Price Performance

Shares of NYSE NNN opened at $45.35 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $8.61 billion, a PE ratio of 21.91, a P/E/G ratio of 3.34 and a beta of 0.83. NNN REIT, Inc. has a 1-year low of $35.80 and a 1-year high of $46.03. The business’s fifty day moving average price is $42.88 and its two-hundred day moving average price is $41.94.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Friday, January 30th. NNN REIT’s payout ratio is presently 115.94%.

Analyst Upgrades and Downgrades

NNN has been the topic of a number of recent analyst reports. BNP Paribas Exane lifted their price target on NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a report on Thursday, February 12th. Stifel Nicolaus set a $48.50 target price on NNN REIT in a research note on Wednesday, February 11th. Wells Fargo & Company increased their price target on NNN REIT from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. UBS Group raised their price target on NNN REIT from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday. Finally, B. Riley Financial reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $44.00) on shares of NNN REIT in a report on Friday, November 14th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $44.83.

More NNN REIT News

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: BofA raised its net-lease REIT outlook and boosted NNN’s price target to $46, providing a near-term positive catalyst from a major bank that supports upside relative to some peers. BofA Raises Target to $46
• Neutral Sentiment: UBS nudged its target up from $43 to $45 but kept a “neutral” rating — a modest signal that upside is limited under that house view. UBS Price Target Update
• Neutral Sentiment: NNN is moving with broader market flows as the Russell 1000 tracks activity, so part of today’s price action may reflect index/market momentum rather than company-specific news. Market/Index Flow Note
• Negative Sentiment: Short interest rose sharply in February — up about 20.2% to 7.41M shares (roughly 3.9% of shares outstanding) and a days-to-cover of ~5.2 — increasing potential selling pressure and signaling more bearish positioning. (data reported March 10)
• Negative Sentiment: Insider selling: CEO Stephen Horn Jr. sold 33,192 shares (~$1.49M) and EVP Jonathan Adamo sold 6,000 shares (~$270k) in early March. Significant insider sales can weigh on sentiment even if they may be for personal/liquidity reasons. Insider Sales Report CEO Sale Coverage
• Negative Sentiment: Dividend coverage and analyst sentiment: MarketBeat notes a payout ratio above 100% (≈115.9%) and a consensus analyst stance that skews to “Reduce” — these raise questions about dividend sustainability and medium-term growth expectations. MarketBeat Company Snapshot

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NNN. Quent Capital LLC acquired a new position in NNN REIT during the third quarter worth about $51,000. Ameriflex Group Inc. lifted its holdings in NNN REIT by 1,266.1% in the 3rd quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 2,165 shares during the last quarter. Rothschild Investment LLC lifted its holdings in NNN REIT by 1,066.9% in the 3rd quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 3,905 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of NNN REIT during the 4th quarter valued at about $187,000. Finally, Bayforest Capital Ltd grew its stake in shares of NNN REIT by 705.2% in the 3rd quarter. Bayforest Capital Ltd now owns 4,525 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 3,963 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

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.