Legal & General Group Plc Buys New Holdings in NNN REIT, Inc. $NNN

Legal & General Group Plc purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 968,777 shares of the real estate investment trust’s stock, valued at approximately $45,077,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in NNN REIT by 3.5% in the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock valued at $4,977,000 after acquiring an additional 3,897 shares during the period. Parallel Advisors LLC increased its holdings in shares of NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 567 shares in the last quarter. Horizon Investments LLC raised its position in shares of NNN REIT by 65.0% during the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after purchasing an additional 30,333 shares during the period. Crestwood Advisors Group LLC acquired a new position in shares of NNN REIT during the fourth quarter worth approximately $239,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of NNN REIT by 1.0% in the 4th quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

NNN REIT Trading Up 0.8%

NYSE NNN opened at $45.69 on Friday. The firm has a market capitalization of $8.77 billion, a P/E ratio of 22.40, a PEG ratio of 7.33 and a beta of 0.79. The business has a fifty day simple moving average of $47.10 and a 200 day simple moving average of $45.27. 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.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The firm had revenue of $244.27 million for 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. On average, analysts predict that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, July 31st. 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%. NNN REIT’s payout ratio is 121.57%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NNN shares. Royal Bank Of Canada lifted their price target on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. B. Riley Financial reaffirmed 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. Citigroup lifted their price objective on shares of NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. National Bank Financial set a $50.00 target price on shares of NNN REIT in a report on Monday, July 20th. Finally, Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.