Mondrian Investment Partners LTD Sells 1,079,393 Shares of NNN REIT, Inc. $NNN

Mondrian Investment Partners LTD reduced its position in shares of NNN REIT, Inc. (NYSE:NNN) by 96.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 44,250 shares of the real estate investment trust’s stock after selling 1,079,393 shares during the period. Mondrian Investment Partners LTD’s holdings in NNN REIT were worth $1,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Capital Management LLC grew its stake in shares of NNN REIT by 5.1% during the third quarter. Evergreen Capital Management LLC now owns 21,991 shares of the real estate investment trust’s stock worth $904,000 after purchasing an additional 1,070 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of NNN REIT by 6.7% during the 3rd quarter. Tectonic Advisors LLC now owns 405,201 shares of the real estate investment trust’s stock worth $16,650,000 after buying an additional 25,594 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of NNN REIT by 5.1% in the 3rd quarter. Inspire Investing LLC now owns 10,548 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 511 shares in the last quarter. MBL Wealth LLC purchased a new position in shares of NNN REIT during the third quarter worth about $368,000. Finally, Root Financial Partners LLC acquired a new position in NNN REIT during the third quarter worth approximately $109,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Price Performance

NNN REIT stock opened at $41.70 on Friday. NNN REIT, Inc. has a one year low of $38.90 and a one year high of $50.00. 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 business has a fifty day moving average of $42.84 and a two-hundred day moving average of $44.74. The company has a market cap of $8.00 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 5.67 and a beta of 0.78.

NNN REIT (NYSE:NNN) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The company had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, analysts predict that NNN REIT, Inc. will post 3.52 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.62 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 5.9%. NNN REIT’s dividend payout ratio (DPR) is 121.57%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Truist Financial began coverage on NNN REIT in a report on Thursday, October 1st. They issued a “hold” rating and a $45.00 target price on the stock. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. B. Riley Financial reiterated a “neutral” rating and set a $47.50 target price (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. National Bank Financial set a $50.00 target price on NNN REIT in a research report on Monday, July 20th. Finally, Wells Fargo & Company cut their target price on NNN REIT from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.88.

About NNN REIT

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

The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.