GSA Capital Partners LLP Takes $791,000 Position in NNN REIT, Inc. $NNN

GSA Capital Partners LLP acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,010 shares of the real estate investment trust’s stock, valued at approximately $791,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NNN. Orographic Financial Advisors LLC acquired a new stake in NNN REIT during the first quarter worth approximately $1,255,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in NNN REIT in the 1st quarter valued at $2,165,000. SG Americas Securities LLC raised its holdings in NNN REIT by 798.2% in the 1st 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 last quarter. Ascentis Independent Advisors acquired a new position in NNN REIT in the 1st quarter valued at $76,000. Finally, DGS Capital Management LLC lifted its stake in shares of NNN REIT by 70.8% during the 1st quarter. DGS Capital Management LLC now owns 10,486 shares of the real estate investment trust’s stock worth $441,000 after purchasing an additional 4,348 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Stock Down 0.6%

Shares of NNN REIT stock opened at $45.89 on Wednesday. NNN REIT, Inc. has a twelve month low of $38.90 and a twelve month high of $50.00. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 7.47 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average price of $47.07 and a 200 day moving average price of $45.08.

NNN REIT (NYSE:NNN) last issued its earnings results 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 return on equity of 8.70% and a net margin of 40.35%.The company 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 research analysts forecast that NNN REIT, Inc. will post 3.49 earnings per share for the current fiscal 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 is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Friday, July 31st. NNN REIT’s payout ratio is 121.57%.

Analyst Ratings Changes

Several equities analysts recently commented on NNN shares. 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 note on Wednesday, July 15th. National Bank Financial set a $50.00 price target on NNN REIT in a research note on Monday, July 20th. Morgan Stanley cut NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a report on Monday, July 20th. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Citigroup increased their price objective on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NNN REIT currently 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.