Pallas Capital Advisors LLC Takes Position in NNN REIT, Inc. $NNN

Pallas Capital Advisors LLC purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,803 shares of the real estate investment trust’s stock, valued at approximately $968,000.

Other hedge funds have also made changes to their positions in the company. Focus Partners Advisor Solutions LLC bought a new position in NNN REIT during the 2nd quarter worth $1,165,000. Orographic Financial Advisors LLC bought a new stake in NNN REIT in the first quarter valued at $1,255,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in NNN REIT in the first quarter valued at $2,165,000. SG Americas Securities LLC boosted its holdings in shares of NNN REIT by 798.2% during the first quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock valued at $11,301,000 after acquiring an additional 238,938 shares during the period. Finally, Alberta Investment Management Corp acquired a new position in shares of NNN REIT during the second quarter valued at $5,784,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

NNN has been the topic of a number of analyst reports. Huntington assumed coverage on shares of NNN REIT in a report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price objective on the stock. National Bank Financial set a $50.00 target price on shares of NNN REIT in a research report on Monday, July 20th. Jefferies Financial Group assumed coverage on shares of NNN REIT in a research note on Monday, June 1st. They issued a “hold” rating and a $47.00 price target on the stock. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Finally, Barclays boosted their price objective on NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.60.

NNN REIT Price Performance

Shares of NYSE NNN opened at $45.89 on Wednesday. NNN REIT, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $50.00. The firm’s 50-day simple moving average is $47.07 and its 200 day simple moving average is $45.08. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The stock has a market cap of $8.81 billion, a P/E ratio of 22.50, a P/E/G ratio of 7.47 and a beta of 0.79.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The business had revenue of $244.27 million during 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. Equities analysts expect that NNN REIT, Inc. will post 3.49 EPS for the current year.

NNN REIT Increases Dividend

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

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.