United Capital Financial Advisors LLC Invests $551,000 in NNN REIT, Inc. $NNN

United Capital Financial Advisors LLC purchased a new stake in NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,847 shares of the real estate investment trust’s stock, valued at approximately $551,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jefferies Financial Group Inc. purchased a new position in NNN REIT during the second quarter worth approximately $66,584,000. Public Employees Retirement System of Ohio purchased a new stake in NNN REIT in the 2nd quarter valued at $12,883,000. Proficio Capital Partners LLC purchased a new stake in NNN REIT in the 2nd quarter valued at $269,000. Transamerica Financial Advisors LLC acquired a new stake in shares of NNN REIT in the 2nd quarter worth $109,000. Finally, Corient Private Wealth LP acquired a new stake in shares of NNN REIT in the 2nd quarter worth $18,815,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Price Performance

NNN REIT stock opened at $45.20 on Tuesday. The company’s 50 day simple moving average is $47.10 and its 200-day simple moving average is $45.30. 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 1 year low of $38.90 and a 1 year high of $50.00. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 7.38 and a beta of 0.79.

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 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 during 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 research analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.62 per share. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, July 31st. NNN REIT’s dividend payout ratio (DPR) is 121.57%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NNN shares. B. Riley Financial reissued a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Evercore set a $48.00 target price on shares of NNN REIT in a research note on Thursday, August 6th. Citigroup boosted their target price 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. Huntington started coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target for the company. Finally, Royal Bank Of Canada raised their price target on shares of NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Three 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 has an average rating of “Hold” and a consensus target price of $47.60.

NNN REIT Company 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.