SG Americas Securities LLC Buys 238,938 Shares of NNN REIT, Inc. $NNN

SG Americas Securities LLC raised its stake in shares of NNN REIT, Inc. (NYSE:NNN) by 798.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,872 shares of the real estate investment trust’s stock after purchasing an additional 238,938 shares during the period. SG Americas Securities LLC owned 0.14% of NNN REIT worth $11,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Ameriflex Group Inc. increased its position in shares of NNN REIT by 1,266.1% during the 3rd quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 2,165 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in NNN REIT in the fourth quarter worth $187,000. Crestwood Advisors Group LLC bought a new stake in NNN REIT in the fourth quarter worth $239,000. Parallel Advisors LLC lifted its position in NNN REIT by 11.0% in the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 567 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in NNN REIT by 24.2% during the third quarter. EverSource Wealth Advisors LLC now owns 6,882 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 1,342 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NNN has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of NNN REIT from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. UBS Group increased their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Morgan Stanley boosted their target price on NNN REIT from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company increased their price target on NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NNN REIT presently has an average rating of “Hold” and an average price target of $45.65.

NNN REIT Trading Up 2.2%

NYSE NNN opened at $47.40 on Friday. The company’s 50-day moving average price is $44.84 and its 200-day moving average price is $43.29. 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 stock has a market cap of $9.02 billion, a PE ratio of 23.01, a PEG ratio of 7.53 and a beta of 0.81. NNN REIT, Inc. has a 12 month low of $38.90 and a 12 month high of $47.47.

NNN REIT (NYSE:NNN) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 EPS 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 during the quarter, compared to analysts’ expectations of $237.75 million. During the same period in the prior year, the business earned $0.87 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Equities research 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 declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Thursday, April 30th. NNN REIT’s payout ratio is currently 116.50%.

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.