United Capital Financial Advisors LLC Makes New Investment in NNN REIT, Inc. $NNN

United Capital Financial Advisors LLC purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,847 shares of the real estate investment trust’s stock, valued at approximately $551,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in NNN REIT by 3.5% during the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after buying an additional 3,897 shares in the last quarter. Parallel Advisors LLC boosted its position 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 valued at $243,000 after buying an additional 567 shares during the period. Horizon Investments LLC grew its stake in shares of NNN REIT by 65.0% in the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after acquiring an additional 30,333 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of NNN REIT in the fourth quarter worth $239,000. Finally, Handelsbanken Fonder AB increased its position in shares of NNN REIT by 1.0% during the fourth quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

NNN has been the subject of a number of recent research reports. Wall Street Zen upgraded NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Jefferies Financial Group assumed coverage on NNN REIT in a report on Monday, June 1st. They set a “hold” rating and a $47.00 price target on the stock. B. Riley Financial reaffirmed a “neutral” rating and issued a $47.50 price target (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Robert W. Baird set a $49.00 price objective on NNN REIT in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada upped their target price on shares of NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.60.

NNN REIT Price Performance

Shares of NYSE:NNN opened at $45.20 on Tuesday. NNN REIT, Inc. has a 12 month low of $38.90 and a 12 month high of $50.00. The firm has a market capitalization of $8.68 billion, a P/E ratio of 22.16, a P/E/G ratio of 7.38 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’s fifty day moving average price is $47.10 and its 200 day moving average price is $45.30.

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 the consensus estimate of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.The company had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, sell-side analysts predict that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders 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 dividend yield of 5.5%. NNN REIT’s dividend payout ratio is currently 121.57%.

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.