13,125 Shares in NNN REIT, Inc. $NNN Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position 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 bought 13,125 shares of the real estate investment trust’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NNN. Captrust Financial Advisors raised its stake in shares of NNN REIT by 3.5% in the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after buying an additional 3,897 shares in the last quarter. Parallel Advisors LLC boosted its stake in NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 567 shares in the last quarter. Horizon Investments LLC grew its holdings in NNN REIT by 65.0% during the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after acquiring an additional 30,333 shares during the period. Farther Finance Advisors LLC grew its holdings in NNN REIT by 68.2% during the fourth quarter. Farther Finance Advisors LLC now owns 13,791 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 5,591 shares during the period. Finally, Crestwood Advisors Group LLC bought a new stake in NNN REIT in the fourth quarter worth about $239,000. 89.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NNN. Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a report on Thursday, August 6th. B. Riley Financial reissued a “neutral” rating and set a $47.50 target price (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Huntington began 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. Finally, Royal Bank Of Canada lifted their price target on shares of NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NNN REIT presently has a consensus rating of “Hold” and a consensus target price of $47.60.

NNN REIT Price Performance

NYSE NNN opened at $45.83 on Friday. The company has a 50 day simple moving average of $47.05 and a 200-day simple moving average of $45.15. NNN REIT, Inc. has a 52-week low of $38.90 and a 52-week high of $50.00. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 7.41 and a beta of 0.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15.

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 for the quarter, beating 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 for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities research analysts predict that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT’s dividend payout ratio (DPR) is currently 121.57%.

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.