Public Employees Retirement System of Ohio Buys New Holdings in NNN REIT, Inc. $NNN

Public Employees Retirement System of Ohio purchased a new position in shares of NNN REIT, Inc. (NYSE:NNN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 276,878 shares of the real estate investment trust’s stock, valued at approximately $12,883,000.

A number of other institutional investors have also recently bought and sold shares of the business. Clearstead Trust LLC bought a new position in shares of NNN REIT in the second quarter valued at about $27,000. Avalon Trust Co bought a new stake in shares of NNN REIT during the 2nd quarter worth about $38,000. Root Financial Partners LLC boosted 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 worth $54,000 after buying an additional 1,241 shares during the period. Ascentis Independent Advisors acquired a new position in NNN REIT in the 1st quarter valued at about $76,000. Finally, Global Retirement Partners LLC acquired a new position in NNN REIT in the 2nd quarter valued at about $89,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NNN shares. Huntington began coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price objective for the company. Weiss Ratings downgraded NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. B. Riley Financial reiterated a “neutral” rating and set a $47.50 target price (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Evercore set a $48.00 price target on NNN REIT in a research note on Thursday, August 6th. Finally, Wells Fargo & Company upped their price objective on NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, NNN REIT has an average rating of “Hold” and a consensus target price of $47.60.

NNN REIT Price Performance

NYSE:NNN opened at $45.69 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 7.38 and a beta of 0.79. NNN REIT, Inc. has a 52 week low of $38.90 and a 52 week high of $50.00. The firm’s 50-day simple moving average is $47.10 and its 200 day simple moving average is $45.29.

NNN REIT (NYSE:NNN) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The company had revenue of $244.27 million for the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, sell-side 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. Shareholders of record on Friday, July 31st were paid a dividend of $0.62 per share. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. NNN REIT’s dividend payout ratio is 121.57%.

About NNN REIT

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.