82,835 Shares in NNN REIT, Inc. $NNN Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 82,835 shares of the real estate investment trust’s stock, valued at approximately $3,854,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clearstead Trust LLC bought a new position in NNN REIT in the second quarter worth $27,000. Avalon Trust Co bought a new stake in shares of NNN REIT during the 2nd quarter valued at $38,000. Root Financial Partners LLC grew its position in shares of NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,241 shares during the period. Ascentis Independent Advisors bought a new position in shares of NNN REIT in the 1st quarter worth about $76,000. Finally, Global Retirement Partners LLC bought a new position in shares of NNN REIT in the 2nd quarter worth about $89,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NNN has been the topic of a number of recent research reports. Huntington initiated coverage on NNN REIT in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 target price on the stock. Royal Bank Of Canada raised their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Citigroup lifted their target price on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley cut shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a report on Monday, July 20th. Finally, B. Riley Financial reissued a “neutral” rating and set a $47.50 price target (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.60.

NNN REIT Price Performance

NNN opened at $45.83 on Monday. The company’s 50-day simple moving average is $47.05 and its two-hundred day simple moving average is $45.17. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $8.80 billion, a P/E ratio of 22.47, a P/E/G ratio of 7.41 and a beta of 0.79. NNN REIT, Inc. has a 52-week low of $38.90 and a 52-week high of $50.00.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $244.27 million during the quarter, compared to analyst estimates 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. As a group, analysts predict that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date was Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio (DPR) is presently 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.