Corient Private Wealth LP Takes $18.82 Million Position in NNN REIT, Inc. $NNN

Corient Private Wealth LP purchased a new stake in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 404,373 shares of the real estate investment trust’s stock, valued at approximately $18,815,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in NNN REIT in the second quarter worth $87,737,000. Caisse de depot et placement du Quebec purchased a new position in NNN REIT during the second quarter valued at $12,806,000. Jupiter Topco LLC bought a new stake in shares of NNN REIT during the 2nd quarter valued at $9,309,000. Hsbc Holdings PLC bought a new stake in shares of NNN REIT during the 2nd quarter valued at $32,228,000. Finally, Legal & General Group Plc purchased a new stake in shares of NNN REIT in the 2nd quarter worth about $45,077,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

NNN REIT Stock Up 0.8%

NNN stock opened at $45.69 on Friday. The stock has a market capitalization of $8.77 billion, a P/E ratio of 22.40, a P/E/G ratio of 7.33 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, Inc. has a 1-year low of $38.90 and a 1-year high of $50.00. The business has a fifty day moving average price of $47.10 and a 200-day moving average price of $45.27.

NNN REIT (NYSE:NNN) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.The company had revenue of $244.27 million for the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities analysts forecast 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 is a boost from NNN REIT’s previous quarterly dividend of $0.60. 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. NNN REIT’s dividend payout ratio (DPR) is presently 121.57%.

Wall Street Analyst Weigh In

NNN has been the subject of several research reports. National Bank Financial set a $50.00 price target on shares of NNN REIT in a research note on Monday, July 20th. Jefferies Financial Group started coverage on shares of NNN REIT in a research note on Monday, June 1st. They set a “hold” rating and a $47.00 price objective on the stock. Royal Bank Of Canada upped their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Citigroup raised their target price on shares of NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Evercore set a $48.00 target price on shares of NNN REIT in a report on Thursday, August 6th. Three investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.60.

NNN REIT 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.