25,594 NNN REIT, Inc. $NNN Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in shares of NNN REIT, Inc. (NYSE:NNN) by 6.7% during the third quarter, Holdings Channel reports. The firm owned 405,201 shares of the real estate investment trust’s stock after buying an additional 25,594 shares during the period. Tectonic Advisors LLC’s holdings in NNN REIT were worth $16,650,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NNN. Fifth Third Wealth Advisors LLC raised its holdings in shares of NNN REIT by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 251 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of NNN REIT by 155.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 335 shares during the period. Arizona State Retirement System lifted its position in shares of NNN REIT by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 52,497 shares of the real estate investment trust’s stock worth $2,443,000 after buying an additional 354 shares during the period. Inspire Investing LLC boosted its stake in NNN REIT by 5.1% in the 3rd quarter. Inspire Investing LLC now owns 10,548 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 511 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in NNN REIT by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 573 shares during the period. 89.96% of the stock is currently owned by institutional investors.

NNN REIT Price Performance

NYSE NNN traded down $0.43 during trading hours on Friday, reaching $41.70. 2,152,265 shares of the company’s stock were exchanged, compared to its average volume of 2,645,288. The firm has a fifty day moving average of $42.84 and a 200-day moving average of $44.74. NNN REIT, Inc. has a one year low of $38.90 and a one year high of $50.00. The stock has a market cap of $8.00 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 5.73 and a beta of 0.78. 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 issued 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 firm had revenue of $244.27 million during the quarter, compared to the consensus estimate 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. On average, equities research analysts predict that NNN REIT, Inc. will post 3.52 earnings per share for the current fiscal year.

NNN REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, October 30th. This represents a $2.48 annualized dividend and a yield of 5.9%. NNN REIT’s dividend payout ratio is 121.57%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NNN shares. Barclays dropped their price objective on NNN REIT from $47.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday. Evercore set a $47.00 target price on shares of NNN REIT in a research note on Monday, September 21st. Huntington started coverage on shares of NNN REIT in a report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 target price on the stock. Truist Financial assumed coverage on shares of NNN REIT in a research report on Thursday, October 1st. They set a “hold” rating and a $45.00 target price for the company. Finally, Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, NNN REIT has a consensus rating of “Hold” and a consensus target price of $46.88.

NNN REIT Company 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.