UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in NNN REIT, Inc. $NNN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in NNN REIT, Inc. (NYSE:NNN) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,180,472 shares of the real estate investment trust’s stock after selling 17,935 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.62% of NNN REIT worth $54,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NNN. Deutsche Bank AG purchased a new stake in NNN REIT during the second quarter valued at $19,961,000. Bank of New York Mellon Corp bought a new position in NNN REIT during the second quarter valued at $85,430,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of NNN REIT in the 2nd quarter worth $1,165,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of NNN REIT in the 2nd quarter worth about $7,590,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of NNN REIT in the 2nd quarter worth about $7,719,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NNN has been the subject of a number of analyst reports. Huntington started coverage on shares of NNN REIT in a report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target for the company. Robert W. Baird set a $49.00 price objective on NNN REIT in a research note on Thursday, August 6th. Morgan Stanley downgraded NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a research report on Monday, July 20th. Evercore set a $48.00 price objective on NNN REIT in a research note on Thursday, August 6th. Finally, Wells Fargo & Company dropped their target price on NNN REIT from $49.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday. Three investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.47.

NNN REIT Price Performance

NNN REIT stock opened at $45.08 on Thursday. NNN REIT, Inc. has a 12-month low of $38.90 and a 12-month high of $50.00. 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 firm has a 50-day moving average price of $47.05 and a 200-day moving average price of $45.33. The firm has a market capitalization of $8.65 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 7.32 and a beta of 0.79.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 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 the consensus estimate 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. As a group, equities research analysts forecast that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio is 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.