Ieq Capital LLC Takes $29.42 Million Position in NNN REIT, Inc. $NNN

Ieq Capital LLC purchased a new position in NNN REIT, Inc. (NYSE:NNN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 632,349 shares of the real estate investment trust’s stock, valued at approximately $29,423,000. Ieq Capital LLC owned about 0.33% of NNN REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NNN. BlackRock Inc. bought a new stake in shares of NNN REIT in the second quarter worth about $1,242,752,000. Bank of New York Mellon Corp purchased a new stake in NNN REIT in the 2nd quarter worth approximately $85,430,000. Equity Investment Corp bought a new stake in shares of NNN REIT in the 2nd quarter worth approximately $77,566,000. Sound Income Strategies LLC grew its position in shares of NNN REIT by 1.6% in the 1st quarter. Sound Income Strategies LLC now owns 476,389 shares of the real estate investment trust’s stock worth $20,223,000 after buying an additional 7,344 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of NNN REIT during the second quarter valued at approximately $19,961,000. 89.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a research report on Thursday, August 6th. National Bank Financial set a $50.00 price objective on shares of NNN REIT in a report on Monday, July 20th. 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 research report on Wednesday, August 12th. Finally, Morgan Stanley lowered shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, NNN REIT currently has a consensus rating of “Hold” and an average price target of $47.60.

NNN REIT Trading Down 0.6%

NNN opened at $45.83 on Friday. 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, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00. The stock has a market cap of $8.80 billion, a PE ratio of 22.47, a PEG ratio of 7.45 and a beta of 0.79. The business has a 50 day moving average of $47.05 and a 200-day moving average of $45.15.

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 business had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities research analysts predict that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.62 per share. 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 yield of 5.4%. NNN REIT’s payout ratio 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.