NewEdge Wealth LLC Takes Position in NNN REIT, Inc. $NNN

NewEdge Wealth LLC purchased a new stake in NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, HoldingsChannel reports. The firm purchased 13,125 shares of the real estate investment trust’s stock, valued at approximately $611,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new stake in NNN REIT in the second quarter valued at approximately $27,000. Avalon Trust Co acquired a new position in shares of NNN REIT during the 2nd quarter worth $38,000. Root Financial Partners LLC raised its holdings in shares of NNN REIT by 3,354.1% during the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,241 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of NNN REIT during the 1st quarter valued at $76,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of NNN REIT in the 2nd quarter valued at $89,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NNN shares. Weiss Ratings cut shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Evercore set a $48.00 price target on NNN REIT in a research report on Thursday, August 6th. Citigroup upped their price target on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. National Bank Financial set a $50.00 price objective on NNN REIT in a research note on Monday, July 20th. Finally, B. Riley Financial reissued a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Three equities research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.60.

NNN REIT Trading Down 0.6%

Shares of NNN opened at $45.83 on Friday. NNN REIT, Inc. has a 12-month low of $38.90 and a 12-month high of $50.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 7.41 and a beta of 0.79. The stock’s 50-day moving average price is $47.05 and its 200 day moving average price is $45.15.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, research analysts predict that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.62 dividend. The ex-dividend date was Friday, July 31st. This is a positive change 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%. NNN REIT’s dividend payout ratio is currently 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.