Jefferies Financial Group Inc. Acquires Shares of 1,431,000 NNN REIT, Inc. $NNN

Jefferies Financial Group Inc. acquired a new stake in shares of NNN REIT, Inc. (NYSE:NNN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,431,000 shares of the real estate investment trust’s stock, valued at approximately $66,584,000. NNN REIT comprises 0.4% of Jefferies Financial Group Inc.’s holdings, making the stock its 27th largest holding.

Other hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors grew its stake in NNN REIT by 3.5% during 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 in the last quarter. Parallel Advisors LLC boosted its holdings in shares of NNN REIT by 11.0% during the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 567 shares during the last quarter. Horizon Investments LLC grew 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 valued at $3,230,000 after purchasing an additional 30,333 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of NNN REIT during the fourth quarter valued at about $239,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of NNN REIT by 1.0% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NNN. Morgan Stanley downgraded NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research report on Monday, July 20th. Citigroup lifted their price objective on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Jefferies Financial Group initiated coverage on NNN REIT in a report on Monday, June 1st. They set a “hold” rating and a $47.00 price objective on the stock. 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 report on Wednesday, August 12th. Finally, Evercore set a $48.00 target price on shares of NNN REIT in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $47.60.

NNN REIT Stock Down 0.7%

Shares of NYSE NNN opened at $45.34 on Friday. 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, Inc. has a 12-month low of $38.90 and a 12-month high of $50.00. The firm’s 50-day moving average price is $47.08 and its 200-day moving average price is $45.27. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 7.38 and a beta of 0.79.

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, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.The company had revenue of $244.27 million during the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities research analysts anticipate that NNN REIT, Inc. will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.62 dividend. This is a positive change 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 dividend yield of 5.5%. NNN REIT’s dividend payout ratio (DPR) is presently 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.