Capital Square LLC Has $754,000 Stock Holdings in NNN REIT, Inc. (NYSE:NNN)

Capital Square LLC lowered its stake in shares of NNN REIT, Inc. (NYSE:NNN) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,001 shares of the real estate investment trust’s stock after selling 662 shares during the period. Capital Square LLC’s holdings in NNN REIT were worth $754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DGS Capital Management LLC acquired a new stake in NNN REIT during the third quarter valued at $236,000. Everence Capital Management Inc. purchased a new stake in shares of NNN REIT during the 4th quarter worth about $206,000. Steph & Co. lifted its holdings in shares of NNN REIT by 8.2% during the 4th quarter. Steph & Co. now owns 5,664 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 429 shares during the last quarter. Red Spruce Capital LLC grew its stake in shares of NNN REIT by 16.9% in the 4th quarter. Red Spruce Capital LLC now owns 43,443 shares of the real estate investment trust’s stock valued at $1,775,000 after buying an additional 6,289 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in NNN REIT by 3,469.0% in the fourth quarter. SG Americas Securities LLC now owns 91,294 shares of the real estate investment trust’s stock worth $3,729,000 after buying an additional 88,736 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

NNN REIT Stock Up 1.1 %

Shares of NNN stock opened at $41.34 on Thursday. The stock has a 50 day moving average of $41.26 and a 200-day moving average of $42.32. The firm has a market cap of $7.77 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.00. NNN REIT, Inc. has a 12 month low of $35.80 and a 12 month high of $49.57.

NNN REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Wednesday, April 30th. NNN REIT’s dividend payout ratio (DPR) is presently 107.91%.

Wall Street Analyst Weigh In

NNN has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of NNN REIT from $41.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Royal Bank of Canada cut their price target on shares of NNN REIT from $45.00 to $43.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. Evercore ISI assumed coverage on shares of NNN REIT in a report on Friday, January 31st. They issued an “inline” rating and a $42.00 price objective for the company. Morgan Stanley upgraded NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a report on Wednesday, January 15th. Finally, Janney Montgomery Scott downgraded NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.54.

NNN REIT Profile

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.