Amundi Has $10.57 Million Stock Position in NNN REIT, Inc. $NNN

Amundi increased its holdings in shares of NNN REIT, Inc. (NYSE:NNN) by 106.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 227,185 shares of the real estate investment trust’s stock after buying an additional 117,285 shares during the quarter. Amundi owned 0.12% of NNN REIT worth $10,571,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in NNN REIT during the second quarter worth about $2,357,000. California State Teachers Retirement System increased its position in NNN REIT by 4,457.0% during the 2nd quarter. California State Teachers Retirement System now owns 10,288,760 shares of the real estate investment trust’s stock worth $478,736,000 after purchasing an additional 10,062,979 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in NNN REIT during the 2nd quarter worth approximately $204,000. Wedmont Private Capital bought a new position in NNN REIT in the 2nd quarter valued at approximately $208,000. Finally, HB Wealth Management LLC lifted its stake in NNN REIT by 161.8% in the 2nd quarter. HB Wealth Management LLC now owns 28,943 shares of the real estate investment trust’s stock valued at $1,347,000 after purchasing an additional 17,889 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

NNN REIT Stock Down 0.1%

Shares of NNN opened at $43.83 on Friday. The company has a market capitalization of $8.41 billion, a PE ratio of 21.48, a PEG ratio of 7.09 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’s 50-day moving average price is $46.68 and its two-hundred day moving average price is $45.33. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share 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 company 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. On average, analysts anticipate that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 5.7%. The ex-dividend date was Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio (DPR) is 121.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Robert W. Baird set a $49.00 price objective on NNN REIT in a research note on Thursday, August 6th. Jefferies Financial Group began coverage on shares of NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective for the company. B. Riley Financial reiterated a “neutral” rating and set a $47.50 target price (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Finally, Barclays boosted their target price on shares of NNN REIT from $45.00 to $47.00 and gave the stock an “underweight” rating in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.60.

NNN REIT Profile

NNN REIT (NYSE: NNN) is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT’s properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.