NNN REIT, Inc. $NNN Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in shares of NNN REIT, Inc. (NYSE:NNN – Free Report) by 4,457.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,288,760 shares of the real estate investment trust’s stock after acquiring an additional 10,062,979 shares during the period. California State Teachers Retirement System owned about 5.36% of NNN REIT worth $478,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NNN. Fifth Third Wealth Advisors LLC raised its stake in shares of NNN REIT by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 251 shares in the last quarter. GAMMA Investing LLC increased its holdings in NNN REIT by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 573 shares during the last quarter. Clearstead Trust LLC acquired a new stake in NNN REIT during the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its stake in NNN REIT by 11.2% during the first quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 658 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in NNN REIT by 1.0% during the 4th quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after buying an additional 700 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

NNN has been the subject of several research reports. National Bank Financial set a $50.00 target price on NNN REIT in a research report on Monday, July 20th. Jefferies Financial Group began coverage on NNN REIT in a research report on Monday, June 1st. They set a “hold” rating and a $47.00 price target on the stock. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a report on Thursday, August 6th. Morgan Stanley downgraded 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, Huntington initiated coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They set an “outperform” rating and a $51.00 target price for the company. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.60.

Check Out Our Latest Research Report on NNN

Shares of NNN opened at $43.76 on Tuesday. NNN REIT, Inc. has a 1 year low of $38.90 and a 1 year high of $50.00. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 7.09 and a beta of 0.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a fifty day moving average of $46.62 and a 200-day moving average of $45.32.

NNN REIT (NYSE:NNN – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share 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 analysts’ expectations of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, equities analysts anticipate that NNN REIT, Inc. will post 3.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.7%. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. NNN REIT’s dividend payout ratio is presently 121.57%.

NNN REIT NYSE: NNN is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT’s properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.
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