Equity Investment Corp Takes $77.57 Million Position in NNN REIT, Inc. $NNN

Equity Investment Corp purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,667,015 shares of the real estate investment trust’s stock, valued at approximately $77,566,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in NNN REIT in the 2nd quarter valued at $1,242,752,000. Pallas Capital Advisors LLC bought a new stake in shares of NNN REIT during the second quarter worth $968,000. Deutsche Bank AG acquired a new position in NNN REIT in the 2nd quarter worth about $19,961,000. Perigon Wealth Management LLC bought a new position in NNN REIT in the 2nd quarter valued at approximately $265,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in NNN REIT during the 2nd quarter worth approximately $7,590,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Stock Down 0.6%

NNN opened at $45.89 on Wednesday. The firm has a market capitalization of $8.81 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 7.47 and a beta of 0.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The company has a fifty day moving average price of $47.07 and a 200-day moving average price of $45.08. NNN REIT, Inc. has a one year low of $38.90 and a one year high of $50.00.

NNN REIT (NYSE:NNN) last posted 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. The company had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities research analysts expect that NNN REIT, Inc. will post 3.49 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business 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 yield of 5.4%. The ex-dividend date was Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio is 121.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a research report on Thursday, August 6th. Citigroup raised 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. Weiss Ratings raised NNN REIT from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Jefferies Financial Group started coverage on shares of NNN REIT in a research note on Monday, June 1st. They set a “hold” rating and a $47.00 price target for the company. Finally, Royal Bank Of Canada raised their target price on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, NNN REIT currently has an average rating of “Hold” and an average price target of $47.60.

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.