12,261 Shares in NNN REIT, Inc. $NNN Bought by Glenview Trust Co

Glenview Trust Co acquired a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,261 shares of the real estate investment trust’s stock, valued at approximately $571,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fifth Third Wealth Advisors LLC grew its holdings in shares of NNN REIT by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 251 shares during the last quarter. Parallel Advisors LLC increased its position in NNN REIT by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 567 shares during the period. GAMMA Investing LLC raised its stake in NNN REIT by 24.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 573 shares during the last quarter. Clearstead Trust LLC purchased a new stake in NNN REIT during the 2nd quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC lifted its position in NNN REIT by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 658 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NNN. Evercore set a $48.00 target price on NNN REIT in a research note on Thursday, August 6th. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Wells Fargo & Company increased their price target on NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Huntington assumed coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price objective on the stock. Finally, 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 objective on the stock. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.60.

NNN REIT Stock Up 0.8%

NNN opened at $45.69 on Friday. 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 company has a market cap of $8.77 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 7.33 and a beta of 0.79. NNN REIT, Inc. has a one year low of $38.90 and a one year high of $50.00. The business’s fifty day moving average is $47.10 and its two-hundred day moving average is $45.27.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $244.27 million during the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. 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 issued a dividend of $0.62 per share. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, July 31st. This represents a $2.48 annualized dividend and a yield of 5.4%. NNN REIT’s payout ratio is 121.57%.

NNN REIT Company 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.