Robeco Institutional Asset Management B.V. Acquires 15,411 Shares of NNN REIT, Inc. $NNN

Robeco Institutional Asset Management B.V. purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,411 shares of the real estate investment trust’s stock, valued at approximately $633,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of NNN REIT during the second quarter worth about $1,242,752,000. Bank of America Corp DE purchased a new stake in NNN REIT in the 2nd quarter valued at $87,737,000. Bank of New York Mellon Corp acquired a new stake in NNN REIT during the 2nd quarter worth $85,430,000. Equity Investment Corp acquired a new stake in NNN REIT during the 2nd quarter worth $77,566,000. Finally, Jefferies Financial Group Inc. purchased a new position in NNN REIT during the 2nd quarter worth $66,584,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

NNN REIT Price Performance

Shares of NYSE NNN opened at $42.06 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a fifty day moving average price of $42.79 and a 200 day moving average price of $44.26. NNN REIT, Inc. has a 1-year low of $38.90 and a 1-year high of $50.00. The company has a market cap of $8.07 billion, a PE ratio of 20.62, a P/E/G ratio of 5.67 and a beta of 0.78.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $244.27 million for the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Sell-side analysts forecast that NNN REIT, Inc. will post 3.52 EPS for the current year.

NNN REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 5.9%. NNN REIT’s payout ratio is presently 121.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Huntington started coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price objective on the stock. National Bank Financial set a $50.00 target price on shares of NNN REIT in a research note on Monday, July 20th. B. Riley Financial reissued a “neutral” rating and set a $47.50 price target (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Wells Fargo & Company dropped their price target on NNN REIT from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Finally, Robert W. Baird set a $49.00 price objective on NNN REIT in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.88.

NNN REIT Profile

NNN REIT, Inc is a real estate investment trust that owns and manages a diversified portfolio of freestanding retail properties. The company primarily invests in properties that are leased to retail businesses under long-term, triple-net agreements, under which tenants generally pay property taxes, insurance and maintenance costs in addition to rent.

The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.