266,194 Shares in NNN REIT, Inc. $NNN Purchased by Danske Bank A S

by · The Markets Daily

Danske Bank A S purchased a new stake in shares of NNN REIT, Inc. (NYSE:NNN – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 266,194 shares of the real estate investment trust’s stock, valued at approximately $12,386,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC purchased a new stake in shares of NNN REIT in the second quarter worth approximately $1,165,000. Orographic Financial Advisors LLC purchased a new position in NNN REIT during the 1st quarter valued at $1,255,000. Equity Investment Corp purchased a new position in NNN REIT during the 2nd quarter valued at $77,566,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in NNN REIT in the 1st quarter valued at $2,165,000. Finally, Alberta Investment Management Corp bought a new position in NNN REIT in the 2nd quarter valued at $5,784,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird set a $49.00 target price on NNN REIT in a research report on Thursday, August 6th. Wells Fargo & Company upped their price target on shares of NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. B. Riley Financial reaffirmed a “neutral” rating and issued a $47.50 price target (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Morgan Stanley lowered shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a report on Monday, July 20th. Finally, Royal Bank Of Canada boosted their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $47.60.

View Our Latest Report on NNN REIT

NNN REIT Trading Down 0.2%

Shares of NYSE NNN opened at $46.17 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $47.07 and a two-hundred day simple moving average of $45.14. The firm has a market cap of $8.86 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 7.48 and a beta of 0.79. NNN REIT, Inc. has a twelve month low of $38.90 and a twelve month high of $50.00.

NNN REIT (NYSE:NNN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $244.27 million for 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. Analysts expect that NNN REIT, Inc. will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.62 per share. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Friday, July 31st. NNN REIT’s dividend payout ratio (DPR) is currently 121.57%.

About NNN REIT

(Free Report)

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.

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