Susquehanna Fundamental Investments LLC Invests $3.10 Million in NNN REIT, Inc. $NNN

Susquehanna Fundamental Investments LLC acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 66,610 shares of the real estate investment trust’s stock, valued at approximately $3,099,000.

A number of other large investors also recently modified their holdings of the company. Deutsche Bank AG bought a new stake in NNN REIT during the second quarter valued at about $19,961,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of NNN REIT in the second quarter valued at about $1,165,000. Bank of New York Mellon Corp bought a new position in shares of NNN REIT in the second quarter worth about $85,430,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of NNN REIT in the second quarter worth about $7,590,000. Finally, Orographic Financial Advisors LLC purchased a new stake in shares of NNN REIT during the first quarter worth about $1,255,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Trading Down 1.0%

NNN stock opened at $45.20 on Tuesday. The firm has a fifty day moving average price of $47.10 and a 200 day moving average price of $45.30. NNN REIT, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $8.68 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 7.38 and a beta of 0.79.

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 (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 company 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. Sell-side analysts anticipate 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. Stockholders of record on Friday, July 31st were given a dividend of $0.62 per share. The ex-dividend date was Friday, July 31st. This represents a $2.48 annualized dividend and a dividend yield of 5.5%. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio is currently 121.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NNN. Weiss Ratings cut NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Wells Fargo & Company increased their price objective on shares of NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, NNN REIT 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.