Handelsbanken Fonder AB Purchases 3,400 Shares of NNN REIT, Inc. (NYSE:NNN)

Handelsbanken Fonder AB increased its position in NNN REIT, Inc. (NYSE:NNN) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,600 shares of the real estate investment trust’s stock after acquiring an additional 3,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in NNN REIT were worth $2,271,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in NNN REIT by 14.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 280 shares during the period. Steph & Co. increased its holdings in shares of NNN REIT by 8.2% during the 4th quarter. Steph & Co. now owns 5,664 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 429 shares during the period. DGS Capital Management LLC increased its holdings in shares of NNN REIT by 9.5% during the 4th quarter. DGS Capital Management LLC now owns 5,330 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 461 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of NNN REIT by 12.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 12,840 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 1,374 shares during the period. Finally, Goodman Financial Corp increased its holdings in shares of NNN REIT by 1.2% during the 3rd quarter. Goodman Financial Corp now owns 290,061 shares of the real estate investment trust’s stock worth $14,065,000 after purchasing an additional 3,388 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of NNN REIT from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Evercore ISI assumed coverage on shares of NNN REIT in a report on Friday, January 31st. They set an “inline” rating and a $42.00 price objective on the stock. Janney Montgomery Scott downgraded shares of NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Wednesday, January 15th. Robert W. Baird boosted their price objective on shares of NNN REIT from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of NNN REIT in a report on Wednesday, December 11th. They set a “hold” rating and a $46.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.92.

Insider Buying and Selling at NNN REIT

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $42.51, for a total value of $42,510.00. Following the transaction, the executive vice president now directly owns 68,756 shares in the company, valued at $2,922,817.56. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

NNN REIT Stock Performance

NYSE NNN opened at $41.97 on Tuesday. The stock has a market cap of $7.87 billion, a P/E ratio of 19.52, a PEG ratio of 2.06 and a beta of 1.11. NNN REIT, Inc. has a twelve month low of $37.55 and a twelve month high of $49.57. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.00. The company’s 50-day simple moving average is $39.98 and its 200 day simple moving average is $43.81.

NNN REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.58 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.53%. NNN REIT’s dividend payout ratio (DPR) is presently 107.91%.

NNN REIT Profile

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.