Caisse de depot et placement du Quebec Purchases New Position in NNN REIT, Inc. $NNN

Caisse de depot et placement du Quebec acquired a new stake in NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, Holdings Channel reports. The fund acquired 275,226 shares of the real estate investment trust’s stock, valued at approximately $12,806,000.

Other large investors also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in shares of NNN REIT during the second quarter worth about $27,000. Avalon Trust Co acquired a new stake in shares of NNN REIT in the 2nd quarter valued at about $38,000. Root Financial Partners LLC boosted 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 valued at $54,000 after purchasing an additional 1,241 shares during the period. Ascentis Independent Advisors purchased a new position in NNN REIT during the 1st quarter worth approximately $76,000. Finally, Global Retirement Partners LLC purchased a new position in NNN REIT during the 2nd quarter worth approximately $89,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

NNN has been the subject of a number of research reports. Morgan Stanley cut NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research note on Monday, July 20th. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a research report on Thursday, August 6th. B. Riley Financial reaffirmed a “neutral” rating and issued a $47.50 target price (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Huntington started coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.60.

NNN REIT Stock Performance

NYSE NNN opened at $45.69 on Friday. The firm has a market cap of $8.77 billion, a P/E ratio of 22.40, a P/E/G ratio of 7.33 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. The business’s 50-day moving average price is $47.10 and its 200 day moving average price is $45.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating 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 firm had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities research analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current 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 issued a dividend of $0.62 per share. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT’s dividend payout ratio is 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.