13,280 Shares in NNN REIT, Inc. $NNN Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 13,280 shares of the real estate investment trust’s stock, valued at approximately $618,000.

Other hedge funds have also modified their holdings of the company. Fifth Third Wealth Advisors LLC grew its holdings in NNN REIT by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 251 shares during the period. Parallel Advisors LLC boosted its position in shares of 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 worth $243,000 after purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of NNN REIT by 24.4% during the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 573 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of NNN REIT in the 2nd quarter valued at $27,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of NNN REIT by 11.2% in the 1st 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. 89.96% of the stock is currently owned by institutional investors and hedge funds.

NNN REIT Stock Up 1.1%

Shares of NNN REIT stock opened at $46.33 on Tuesday. The business’s 50 day simple moving average is $47.06 and its 200 day simple moving average is $45.20. NNN REIT, Inc. has a 52-week low of $38.90 and a 52-week high of $50.00. The firm has a market cap of $8.89 billion, a PE ratio of 22.71, a P/E/G ratio of 7.41 and a beta of 0.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15.

NNN REIT (NYSE:NNN) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $244.27 million during the quarter, compared to the consensus estimate 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. On average, analysts predict that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. This is an increase 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%.

Wall Street Analysts Forecast Growth

NNN has been the topic of several recent analyst reports. Citigroup lifted their target price on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company raised their price target on NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Morgan Stanley cut NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a report on Monday, July 20th. Huntington began coverage on NNN REIT in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price objective for the company. Finally, B. Riley Financial reissued 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. Three equities 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.60.

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.