Hsbc Holdings PLC Makes New $32.23 Million Investment in NNN REIT, Inc. $NNN

Hsbc Holdings PLC purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, Holdings Channel reports. The firm purchased 689,173 shares of the real estate investment trust’s stock, valued at approximately $32,228,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of NNN REIT during the 2nd quarter valued at $1,242,752,000. Bank of New York Mellon Corp acquired a new position in NNN REIT in the 2nd quarter worth about $85,430,000. Equity Investment Corp acquired a new position in NNN REIT in the 2nd quarter worth about $77,566,000. Legal & General Group Plc bought a new position in NNN REIT in the second quarter valued at about $45,077,000. Finally, Ieq Capital LLC bought a new position in NNN REIT in the second quarter valued at about $29,423,000. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NNN shares. Evercore set a $48.00 price target on NNN REIT in a report on Thursday, August 6th. Morgan Stanley lowered shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a report on Monday, July 20th. Weiss Ratings downgraded shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Citigroup boosted their target price 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 investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.60.

NNN REIT Stock Down 0.7%

Shares of NYSE:NNN opened at $45.34 on Friday. The firm has a market cap of $8.70 billion, a P/E ratio of 22.23, a P/E/G ratio of 7.38 and a beta of 0.79. 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 12-month low of $38.90 and a 12-month high of $50.00. The business has a fifty day simple moving average of $47.08 and a 200 day simple moving average of $45.27.

NNN REIT (NYSE:NNN) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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. Analysts predict that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

NNN REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.62 dividend. 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 5.5%. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT’s payout ratio is presently 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.