NNN REIT, Inc. (NYSE:NNN) Shares Sold by Capital Square LLC

Capital Square LLC decreased its holdings in NNN REIT, Inc. (NYSE:NNN) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,001 shares of the real estate investment trust’s stock after selling 662 shares during the quarter. Capital Square LLC’s holdings in NNN REIT were worth $754,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NNN. Lindbrook Capital LLC grew its position in NNN REIT by 43.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,010 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 305 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of NNN REIT in the 4th quarter worth approximately $42,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NNN REIT by 882.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,953 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 4,449 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of NNN REIT during the fourth quarter valued at approximately $206,000. Finally, DGS Capital Management LLC raised its holdings in NNN REIT by 9.5% during the fourth quarter. DGS Capital Management LLC now owns 5,330 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 461 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays increased their price target on NNN REIT from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Evercore ISI assumed coverage on NNN REIT in a research note on Friday, January 31st. They set an “inline” rating and a $42.00 target price for the company. B. Riley reiterated a “neutral” rating and issued a $43.00 price target (down from $46.50) on shares of NNN REIT in a research report on Tuesday, February 18th. Morgan Stanley raised shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their price objective on shares of NNN REIT from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NNN REIT presently has an average rating of “Hold” and a consensus price target of $44.54.

NNN REIT Trading Up 1.1 %

NNN REIT stock opened at $41.34 on Thursday. NNN REIT, Inc. has a 52 week low of $35.80 and a 52 week high of $49.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.06 and a beta of 0.85. The company has a 50 day moving average price of $41.26 and a 200 day moving average price of $42.32.

NNN REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.32 annualized dividend and a dividend yield of 5.61%. NNN REIT’s dividend payout ratio (DPR) is presently 107.91%.

NNN REIT Company Profile

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.