Jupiter Topco LLC Invests $9.31 Million in NNN REIT, Inc. $NNN

Jupiter Topco LLC acquired a new position in shares of NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 200,016 shares of the real estate investment trust’s stock, valued at approximately $9,309,000.

Several other large investors have also modified their holdings of the business. Captrust Financial Advisors boosted 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 valued at $4,977,000 after acquiring an additional 3,897 shares during the period. Parallel Advisors LLC lifted its position in shares of NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 567 shares during the last quarter. Horizon Investments LLC lifted its position in shares of NNN REIT by 65.0% during the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after purchasing an additional 30,333 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of NNN REIT during the fourth quarter valued at $239,000. Finally, Handelsbanken Fonder AB boosted its stake 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 valued at $2,687,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Trading Up 0.0%

NNN opened at $45.69 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 7.38 and a beta of 0.79. NNN REIT, Inc. has a 12 month low of $38.90 and a 12 month high of $50.00. The stock has a fifty day moving average price of $47.10 and a 200-day moving average price of $45.29.

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 analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The firm had revenue of $244.27 million for 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. As a group, equities research analysts anticipate 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 paid a $0.62 dividend. The ex-dividend date was Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 5.4%. NNN REIT’s dividend payout ratio (DPR) is 121.57%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NNN. 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 note on Wednesday, August 12th. Weiss Ratings lowered shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. National Bank Financial set a $50.00 target price on shares of NNN REIT in a research report on Monday, July 20th. Citigroup boosted their price target on shares of NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company upped their price target on shares of NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Three 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. Based on data from MarketBeat.com, NNN REIT presently has a consensus rating of “Hold” and an average target price of $47.60.

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.