BlackRock Inc. Acquires New Stake in NNN REIT, Inc. $NNN

BlackRock Inc. bought a new position in shares of NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,708,613 shares of the real estate investment trust’s stock, valued at approximately $1,242,752,000. BlackRock Inc. owned about 0.14% of NNN REIT as of its most recent SEC filing.

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

NNN REIT Trading Down 0.2%

NYSE NNN opened at $46.17 on Friday. The stock has a market capitalization of $8.86 billion, a P/E ratio of 22.63, a P/E/G ratio of 7.48 and a beta of 0.79. The business has a 50 day simple moving average of $47.07 and a 200 day simple moving average of $45.14. 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, Inc. has a one year low of $38.90 and a one year high of $50.00.

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

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a dividend of $0.62 per share. 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. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio is presently 121.57%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NNN shares. Jefferies Financial Group initiated coverage on shares of NNN REIT in a research report on Monday, June 1st. They set a “hold” rating and a $47.00 target price for the company. National Bank Financial set a $50.00 price target on shares of NNN REIT in a research report on Monday, July 20th. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a research note on Thursday, August 6th. Citigroup increased their price objective on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Evercore set a $48.00 target price on shares of NNN REIT in a research note on Thursday, August 6th. Three research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.60.

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.