Pallas Capital Advisors LLC Invests $968,000 in NNN REIT, Inc. $NNN

Pallas Capital Advisors LLC acquired a new stake in NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 20,803 shares of the real estate investment trust’s stock, valued at approximately $968,000.

Several other large investors have also bought and sold shares of the company. Deutsche Bank AG acquired a new position in NNN REIT during the second quarter worth about $19,961,000. Perigon Wealth Management LLC acquired a new stake in NNN REIT in the 2nd quarter valued at about $265,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in NNN REIT in the 2nd quarter valued at about $7,590,000. OneDigital Investment Advisors LLC bought a new position in shares of NNN REIT during the 2nd quarter valued at about $209,000. Finally, Global Retirement Partners LLC bought a new position in shares of NNN REIT during the 2nd quarter valued at about $89,000. Institutional investors own 89.96% of the company’s stock.

NNN REIT Trading Down 0.6%

Shares of NNN opened at $45.89 on Wednesday. The business’s 50-day moving average price is $47.07 and its 200 day moving average price is $45.08. The stock has a market capitalization of $8.81 billion, a P/E ratio of 22.50, a P/E/G ratio of 7.47 and a beta of 0.79. NNN REIT, Inc. has a 1-year low of $38.90 and a 1-year high of $50.00. 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 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 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 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. Analysts expect that NNN REIT, Inc. will post 3.49 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 issued 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 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Friday, July 31st. NNN REIT’s dividend payout ratio (DPR) is presently 121.57%.

Analyst Upgrades and Downgrades

NNN has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price 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. Huntington started coverage on shares of NNN REIT in a report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 target price for the company. Wells Fargo & Company lifted 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. Citigroup upped their price target on NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Barclays increased their price objective on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.