HB Wealth Management LLC Buys 17,889 Shares of NNN REIT, Inc. $NNN

HB Wealth Management LLC lifted its stake in shares of NNN REIT, Inc. (NYSE:NNN) by 161.8% during the second quarter, HoldingsChannel.com reports. The fund owned 28,943 shares of the real estate investment trust’s stock after buying an additional 17,889 shares during the quarter. HB Wealth Management LLC’s holdings in NNN REIT were worth $1,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NNN. Clearstead Trust LLC purchased a new stake in shares of NNN REIT in the second quarter valued at approximately $27,000. Avalon Trust Co bought a new stake in NNN REIT during the 2nd quarter valued at $38,000. Root Financial Partners LLC raised its position in NNN REIT by 3,354.1% during the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,241 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of NNN REIT in the 1st quarter worth $76,000. Finally, Global Retirement Partners LLC bought a new position in shares of NNN REIT during the 2nd quarter worth $89,000. Institutional investors own 89.96% of the company’s stock.

NNN REIT Stock Performance

Shares of NNN REIT stock opened at $43.84 on Friday. The firm has a market capitalization of $8.42 billion, a P/E ratio of 21.49, a PEG ratio of 7.14 and a beta of 0.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average price of $46.76 and a 200 day moving average price of $45.34. NNN REIT, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00.

NNN REIT (NYSE:NNN) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $244.27 million for the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Sell-side analysts expect that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date 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 dividend yield of 5.7%. NNN REIT’s payout ratio is presently 121.57%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. National Bank Financial set a $50.00 price objective on NNN REIT in a report on Monday, July 20th. Barclays raised their target price on shares of NNN REIT from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday, September 4th. B. Riley Financial restated a “neutral” rating and issued a $47.50 price target (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Huntington began coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target for the company. Finally, Morgan Stanley cut shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a research report on Monday, July 20th. 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 company. According to MarketBeat.com, NNN REIT presently has an average rating of “Hold” and a consensus price target 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.