West Family Investments Inc. Invests $779,000 in NNN REIT, Inc. $NNN

West Family Investments Inc. purchased a new stake in NNN REIT, Inc. (NYSE:NNN) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 16,746 shares of the real estate investment trust’s stock, valued at approximately $779,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Waverly Advisors LLC lifted its stake in NNN REIT by 155.1% during the second quarter. Waverly Advisors LLC now owns 14,166 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 8,613 shares in the last quarter. Nykredit A S acquired a new stake in shares of NNN REIT during the second quarter valued at approximately $377,000. Parkside Financial Bank & Trust raised its holdings in shares of NNN REIT by 155.8% during the second quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 335 shares during the period. Corient Private Wealth LP grew its position in NNN REIT by 35.7% during the 2nd quarter. Corient Private Wealth LP now owns 434,654 shares of the real estate investment trust’s stock worth $20,224,000 after purchasing an additional 114,265 shares in the last quarter. Finally, Amundi raised its stake in NNN REIT by 106.7% during the 2nd quarter. Amundi now owns 227,185 shares of the real estate investment trust’s stock valued at $10,571,000 after purchasing an additional 117,285 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Stock Down 0.3%

NNN stock traded down $0.15 during trading hours on Tuesday, hitting $44.48. The company’s stock had a trading volume of 1,681,606 shares, compared to its average volume of 1,587,012. The company has a market capitalization of $8.54 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 7.22 and a beta of 0.79. The stock has a 50 day moving average price of $46.92 and a two-hundred day moving average price of $45.33. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. NNN REIT, Inc. has a 12 month low of $38.90 and a 12 month high of $50.00.

NNN REIT (NYSE:NNN) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping 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 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. On average, equities research analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.6%. NNN REIT’s dividend payout ratio (DPR) is currently 121.57%.

Wall Street Analyst Weigh In

Several analysts have recently commented on NNN shares. Royal Bank Of Canada raised their target price on NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Jefferies Financial Group started coverage on NNN REIT in a research note on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective for the company. Wells Fargo & Company lowered their target price on NNN REIT from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. B. Riley Financial reiterated a “neutral” rating and issued a $47.50 target price (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Finally, Weiss Ratings raised shares of NNN REIT from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company 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.