West Family Investments Inc. Makes New $779,000 Investment in NNN REIT, Inc. $NNN

West Family Investments Inc. bought a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,746 shares of the real estate investment trust’s stock, valued at approximately $779,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NNN. Fifth Third Wealth Advisors LLC raised its holdings in NNN REIT by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 251 shares during the period. Parallel Advisors LLC grew its holdings in NNN REIT by 11.0% in the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 567 shares during the period. GAMMA Investing LLC grew its holdings in NNN REIT by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 573 shares during the period. Clearstead Trust LLC purchased a new stake in shares of NNN REIT in the second quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of NNN REIT by 11.2% in the first quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 658 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings upgraded NNN REIT from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. B. Riley Financial restated a “neutral” rating and set a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Royal Bank Of Canada increased their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Jefferies Financial Group initiated coverage on shares of NNN REIT in a research report on Monday, June 1st. They issued a “hold” rating and a $47.00 target price on the stock. Finally, National Bank Financial set a $50.00 price target on shares of NNN REIT in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.60.

NNN REIT Stock Up 0.9%

NYSE NNN opened at $46.24 on Thursday. The business’s fifty day simple moving average is $47.07 and its 200-day simple moving average is $45.11. 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 firm has a market cap of $8.87 billion, a PE ratio of 22.67, a P/E/G ratio of 7.41 and a beta of 0.79. 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 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 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 analysts anticipate that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 5.4%. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT’s payout ratio is 121.57%.

About NNN REIT

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.