Amundi Purchases 117,285 Shares of NNN REIT, Inc. $NNN

Amundi grew its holdings in shares of NNN REIT, Inc. (NYSE:NNN) by 106.7% in the second quarter, HoldingsChannel.com reports. The fund owned 227,185 shares of the real estate investment trust’s stock after acquiring an additional 117,285 shares during the quarter. Amundi’s holdings in NNN REIT were worth $10,571,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NNN. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of NNN REIT in the 2nd quarter valued at about $2,357,000. California State Teachers Retirement System grew its stake in NNN REIT by 4,457.0% during the second quarter. California State Teachers Retirement System now owns 10,288,760 shares of the real estate investment trust’s stock worth $478,736,000 after purchasing an additional 10,062,979 shares during the period. Ameritas Advisory Services LLC acquired a new stake in NNN REIT during the second quarter worth approximately $204,000. Wedmont Private Capital bought a new stake in NNN REIT in the second quarter worth approximately $208,000. Finally, HB Wealth Management LLC increased its holdings in NNN REIT by 161.8% in the second quarter. HB Wealth Management LLC now owns 28,943 shares of the real estate investment trust’s stock worth $1,347,000 after purchasing an additional 17,889 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on NNN shares. Morgan Stanley lowered NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Monday, July 20th. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a research note on Thursday, August 6th. Barclays boosted their target price on shares of NNN REIT from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday, September 4th. Jefferies Financial Group initiated coverage on shares of NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on shares of NNN REIT from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.60.

NNN REIT Trading Down 0.1%

Shares of NNN REIT stock opened at $43.83 on Friday. 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 52 week low of $38.90 and a 52 week high of $50.00. The stock has a 50 day moving average price of $46.68 and a two-hundred day moving average price of $45.33. The stock has a market capitalization of $8.41 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 7.09 and a beta of 0.79.

NNN REIT (NYSE:NNN) last issued its earnings results 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 company 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. As a group, equities analysts anticipate that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently announced 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 was Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.7%. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio (DPR) is currently 121.57%.

NNN REIT Profile

NNN REIT (NYSE: NNN) is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT’s properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.