Jonathan Adamo Sells 6,000 Shares of NNN REIT (NYSE:NNN) Stock

NNN REIT, Inc. (NYSE:NNN) EVP Jonathan Adamo sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $44.99, for a total transaction of $269,940.00. Following the sale, the executive vice president directly owned 126,358 shares in the company, valued at $5,684,846.42. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NNN REIT Stock Performance

NYSE NNN opened at $45.35 on Wednesday. The company’s 50 day simple moving average is $42.88 and its two-hundred day simple moving average is $41.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. NNN REIT, Inc. has a 1 year low of $35.80 and a 1 year high of $46.03. The stock has a market capitalization of $8.61 billion, a PE ratio of 21.91, a P/E/G ratio of 3.34 and a beta of 0.83.

NNN REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.3%. The ex-dividend date was Friday, January 30th. NNN REIT’s payout ratio is presently 115.94%.

Analyst Ratings Changes

A number of analysts have recently issued reports on NNN shares. Robert W. Baird set a $46.00 price target on NNN REIT in a research report on Thursday, February 12th. BNP Paribas Exane upped their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “strong sell” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft raised shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, January 20th. Evercore cut their price target on shares of NNN REIT from $44.00 to $43.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NNN REIT in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, NNN REIT has an average rating of “Reduce” and an average target price of $44.83.

Trending Headlines about NNN REIT

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: BofA raised its net-lease REIT outlook and boosted NNN’s price target to $46, providing a near-term positive catalyst from a major bank that supports upside relative to some peers. BofA Raises Target to $46
• Neutral Sentiment: UBS nudged its target up from $43 to $45 but kept a “neutral” rating — a modest signal that upside is limited under that house view. UBS Price Target Update
• Neutral Sentiment: NNN is moving with broader market flows as the Russell 1000 tracks activity, so part of today’s price action may reflect index/market momentum rather than company-specific news. Market/Index Flow Note
• Negative Sentiment: Short interest rose sharply in February — up about 20.2% to 7.41M shares (roughly 3.9% of shares outstanding) and a days-to-cover of ~5.2 — increasing potential selling pressure and signaling more bearish positioning. (data reported March 10)
• Negative Sentiment: Insider selling: CEO Stephen Horn Jr. sold 33,192 shares (~$1.49M) and EVP Jonathan Adamo sold 6,000 shares (~$270k) in early March. Significant insider sales can weigh on sentiment even if they may be for personal/liquidity reasons. Insider Sales Report CEO Sale Coverage
• Negative Sentiment: Dividend coverage and analyst sentiment: MarketBeat notes a payout ratio above 100% (≈115.9%) and a consensus analyst stance that skews to “Reduce” — these raise questions about dividend sustainability and medium-term growth expectations. MarketBeat Company Snapshot

Hedge Funds Weigh In On NNN REIT

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC raised its holdings in shares of NNN REIT by 180.0% during the 4th quarter. Virtu Financial LLC now owns 15,714 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 10,101 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in NNN REIT during the fourth quarter valued at approximately $1,300,000. Parallel Advisors LLC grew its position in NNN REIT by 17.5% during the fourth quarter. Parallel Advisors LLC now owns 6,710 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 997 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of NNN REIT by 102.2% during the fourth quarter. Rothschild Investment LLC now owns 8,636 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 4,365 shares in the last quarter. Finally, Allstate Corp raised its stake in shares of NNN REIT by 25.4% during the fourth quarter. Allstate Corp now owns 7,756 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 1,569 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

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.