EP Wealth Advisors LLC Purchases New Position in NNN REIT, Inc. $NNN

EP Wealth Advisors LLC acquired a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,023 shares of the real estate investment trust’s stock, valued at approximately $1,211,000.

Several other large investors have also recently bought and sold shares of NNN. BlackRock Inc. bought a new stake in NNN REIT in the second quarter valued at approximately $1,242,752,000. Bank of New York Mellon Corp bought a new stake in shares of NNN REIT in the 2nd quarter valued at $85,430,000. Equity Investment Corp acquired a new stake in NNN REIT during the 2nd quarter worth $77,566,000. Ieq Capital LLC acquired a new stake in NNN REIT during the 2nd quarter worth $29,423,000. Finally, Deutsche Bank AG bought a new position in NNN REIT during the second quarter worth about $19,961,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their target price on NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Wells Fargo & Company upped their price target on shares of NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Huntington started 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 for the company. Weiss Ratings lowered shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group initiated coverage on shares of NNN REIT in a research note on Monday, June 1st. They issued a “hold” rating and a $47.00 target price for the company. 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 company. Based on data from MarketBeat, NNN REIT presently has a consensus rating of “Hold” and a consensus target price of $47.60.

NNN REIT Stock Performance

NNN stock opened at $45.83 on Monday. NNN REIT, Inc. has a one year low of $38.90 and a one year high of $50.00. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 7.41 and a beta of 0.79. The company has a fifty day moving average price of $47.05 and a two-hundred day moving average price of $45.17. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15.

NNN REIT (NYSE:NNN) last announced its 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 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 anticipate that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The company also recently disclosed 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. This represents a $2.48 annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio (DPR) 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.