West Family Investments Inc. Takes Position in NNN REIT, Inc. $NNN

West Family Investments Inc. acquired a new position in NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,746 shares of the real estate investment trust’s stock, valued at approximately $779,000.

Several other hedge funds also recently added to or reduced their stakes in NNN. Fifth Third Wealth Advisors LLC boosted its holdings in NNN REIT by 4.4% in 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 acquiring an additional 251 shares in the last quarter. Parallel Advisors LLC raised its position in shares of 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 purchasing an additional 567 shares during the last quarter. GAMMA Investing LLC boosted its stake in NNN REIT by 24.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 573 shares in the last quarter. Clearstead Trust LLC purchased a new stake in NNN REIT during the 2nd quarter worth approximately $27,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 valued at $275,000 after purchasing an additional 658 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

NNN REIT Stock Performance

Shares of NNN stock opened at $46.24 on Thursday. The stock has a market cap of $8.87 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 7.41 and a beta of 0.79. The business has a 50-day simple moving average of $47.07 and a 200-day simple moving average of $45.11. 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 52-week low of $38.90 and a 52-week high of $50.00.

NNN REIT (NYSE:NNN) last posted 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. The firm had revenue of $244.27 million for the quarter, compared to analyst estimates 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. On average, equities analysts expect 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. Stockholders of record on Friday, July 31st were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend 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 is 121.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a research note on Thursday, August 6th. Wells Fargo & Company upped their target price on NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. B. Riley Financial reaffirmed a “neutral” rating and set a $47.50 price target (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Royal Bank Of Canada increased their price objective on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised NNN REIT from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Three 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’s stock. According to data from MarketBeat.com, NNN REIT has an average rating of “Hold” and a consensus target price of $47.60.

NNN REIT 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.