WINTON GROUP Ltd Decreases Stake in NNN REIT, Inc. $NNN

WINTON GROUP Ltd cut its stake in shares of NNN REIT, Inc. (NYSE:NNN) by 62.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,700 shares of the real estate investment trust’s stock after selling 12,900 shares during the period. WINTON GROUP Ltd’s holdings in NNN REIT were worth $358,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in NNN REIT in the second quarter valued at approximately $1,242,752,000. Bank of America Corp DE acquired a new position in NNN REIT during the 2nd quarter worth approximately $87,737,000. Bank of New York Mellon Corp purchased a new stake in shares of NNN REIT in the 2nd quarter valued at approximately $85,430,000. Equity Investment Corp purchased a new stake in shares of NNN REIT in the 2nd quarter valued at approximately $77,566,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of NNN REIT in the 2nd quarter valued at $66,584,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

NNN REIT Stock Down 3.6%

Shares of NYSE:NNN opened at $41.63 on Thursday. The firm has a 50 day simple moving average of $46.43 and a 200-day simple moving average of $45.29. NNN REIT, Inc. has a twelve month low of $38.90 and a twelve month high of $50.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $7.99 billion, a PE ratio of 20.41, a P/E/G ratio of 6.97 and a beta of 0.79.

NNN REIT (NYSE:NNN) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities analysts predict that NNN REIT, Inc. will post 3.51 EPS for the current fiscal year.

NNN REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 6.0%. NNN REIT’s dividend payout ratio is 121.57%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NNN. Huntington began coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price objective for the company. Wells Fargo & Company dropped their target price on NNN REIT from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Royal Bank Of Canada raised their price target on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Barclays lifted their price target on NNN REIT from $45.00 to $47.00 and gave the stock an “underweight” rating in a report on Friday, September 4th. Finally, Weiss Ratings raised NNN REIT from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NNN REIT presently has an average rating of “Hold” and an average price target of $47.60.

NNN REIT Company Profile

NNN REIT (NYSE: NNN) is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT’s properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.