BI Asset Management Fondsmaeglerselskab A S Makes New $2.17 Million Investment in NNN REIT, Inc. $NNN

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in NNN REIT, Inc. (NYSE:NNN) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,512 shares of the real estate investment trust’s stock, valued at approximately $2,165,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NNN. Sound Income Strategies LLC lifted its position in NNN REIT by 8.0% during the fourth quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock worth $20,000,000 after buying an additional 34,852 shares in the last quarter. Captrust Financial Advisors boosted its stake in NNN REIT by 17.3% during the third quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock worth $5,757,000 after buying an additional 19,976 shares during the last quarter. Horizon Investments LLC grew its holdings in NNN REIT by 65.0% in the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after buying an additional 30,333 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in 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 valued at $2,687,000 after buying an additional 700 shares in the last quarter. Finally, Red Spruce Capital LLC increased its stake in shares of NNN REIT by 3.0% in the 4th quarter. Red Spruce Capital LLC now owns 49,501 shares of the real estate investment trust’s stock worth $1,962,000 after acquiring an additional 1,452 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup lifted their price target on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Jefferies Financial Group assumed coverage on shares of NNN REIT in a research report on Monday, June 1st. They set a “hold” rating and a $47.00 price objective for the company. Royal Bank Of Canada lifted their target price on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Morgan Stanley boosted their target price on shares of NNN REIT from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Finally, Wells Fargo & Company increased their price target on shares of NNN REIT from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, NNN REIT presently has an average rating of “Hold” and a consensus target price of $45.65.

NNN REIT Stock Up 1.8%

Shares of NNN opened at $45.97 on Wednesday. The company’s 50-day moving average price is $44.68 and its 200 day moving average price is $43.18. NNN REIT, Inc. has a 12-month low of $38.90 and a 12-month high of $46.90. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. The firm has a market cap of $8.75 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 7.34 and a beta of 0.81.

NNN REIT (NYSE:NNN) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The company had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $237.75 million. During the same period last year, the business earned $0.87 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. On average, sell-side analysts forecast that NNN REIT, Inc. will post 3.49 earnings per share for the current year.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.2%. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.

NNN REIT Company 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.