The Manufacturers Life Insurance Company Purchases New Shares in NNN REIT, Inc. $NNN

The Manufacturers Life Insurance Company acquired a new stake in NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 165,896 shares of the real estate investment trust’s stock, valued at approximately $7,719,000.

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

NNN REIT Stock Performance

NYSE NNN opened at $45.69 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $47.10 and its 200-day simple moving average is $45.29. The company has a market cap of $8.77 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 7.38 and a beta of 0.79. NNN REIT, Inc. has a 1-year low of $38.90 and a 1-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 EPS for the quarter, topping 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 firm had revenue of $244.27 million during the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, equities research analysts anticipate that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.62 per share. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.48 annualized dividend and a yield of 5.4%. NNN REIT’s dividend payout ratio is presently 121.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NNN. Morgan Stanley lowered NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research report on Monday, July 20th. Robert W. Baird set a $49.00 price target on shares of NNN REIT in a report on Thursday, August 6th. Jefferies Financial Group began coverage on shares of NNN REIT in a research report on Monday, June 1st. They set a “hold” rating and a $47.00 price objective for the company. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Finally, Weiss Ratings lowered shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, NNN REIT currently has an average rating of “Hold” and a consensus target price 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.