Knights of Columbus Asset Advisors LLC Purchases Shares of 20,652 NNN REIT, Inc. $NNN

Knights of Columbus Asset Advisors LLC acquired a new position in NNN REIT, Inc. (NYSE:NNN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,652 shares of the real estate investment trust’s stock, valued at approximately $879,000.

A number of other hedge funds also recently made changes to their positions in NNN. SG Americas Securities LLC grew its stake in NNN REIT by 616.2% during the third quarter. SG Americas Securities LLC now owns 72,410 shares of the real estate investment trust’s stock valued at $3,082,000 after acquiring an additional 62,299 shares in the last quarter. Sound Income Strategies LLC lifted its stake in NNN REIT by 4.4% in the 3rd quarter. Sound Income Strategies LLC now owns 434,193 shares of the real estate investment trust’s stock worth $18,219,000 after purchasing an additional 18,135 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of NNN REIT during the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC grew its position in shares of NNN REIT by 480.7% during the third quarter. Farther Finance Advisors LLC now owns 8,200 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 6,788 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of NNN REIT by 0.4% in the third quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock worth $3,682,000 after purchasing an additional 311 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

NNN REIT Stock Down 0.5%

NYSE NNN opened at $41.63 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.10. NNN REIT, Inc. has a 52 week low of $35.80 and a 52 week high of $44.23. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.98 and a beta of 0.86. The company has a fifty day moving average of $40.77 and a two-hundred day moving average of $41.57.

NNN REIT (NYSE:NNN) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. NNN REIT had a net margin of 43.22% and a return on equity of 8.95%. The firm had revenue of $230.16 million during the quarter, compared to analyst estimates of $228.45 million. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. On average, analysts predict that NNN REIT, Inc. will post 3.33 earnings per share for the current year.

NNN REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Friday, January 30th. NNN REIT’s payout ratio is 115.38%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, January 20th. Barclays lowered their target price on NNN REIT from $44.00 to $43.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of NNN REIT in a research report on Thursday, January 22nd. B. Riley reaffirmed a “neutral” rating and set a $43.00 price target (down previously from $44.00) on shares of NNN REIT in a research note on Friday, November 14th. Finally, Wells Fargo & Company lifted their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.71.

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.