Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 163,128 NNN REIT, Inc. $NNN

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of NNN REIT, Inc. (NYSE:NNN) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 163,128 shares of the real estate investment trust’s stock, valued at approximately $7,590,000.

Other institutional investors also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC bought a new position in NNN REIT during the 2nd quarter worth $1,165,000. Orographic Financial Advisors LLC acquired a new position in NNN REIT during the 1st quarter worth about $1,255,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of NNN REIT in the 1st quarter valued at about $2,165,000. Alberta Investment Management Corp bought a new stake in shares of NNN REIT in the 2nd quarter valued at about $5,784,000. Finally, SG Americas Securities LLC increased its stake in shares of NNN REIT by 798.2% in the first quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock valued at $11,301,000 after buying an additional 238,938 shares during the period. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NNN. Wall Street Zen upgraded NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. B. Riley Financial reissued 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. Weiss Ratings lowered shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Jefferies Financial Group began coverage on shares of NNN REIT in a research report on Monday, June 1st. They issued a “hold” rating and a $47.00 price target on the stock. Finally, Huntington assumed coverage on shares of NNN REIT in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, NNN REIT presently has a consensus rating of “Hold” and a consensus price target of $47.60.

NNN REIT Stock Performance

Shares of NNN REIT stock opened at $45.83 on Friday. The business has a 50-day moving average price of $47.05 and a two-hundred day moving average price of $45.15. NNN REIT, Inc. has a 1-year low of $38.90 and a 1-year high of $50.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a market cap of $8.80 billion, a P/E ratio of 22.47, a PEG ratio of 7.45 and a beta of 0.79.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.The company had revenue of $244.27 million for the quarter, compared to the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, analysts anticipate that NNN REIT, Inc. will post 3.5 EPS for the current year.

NNN REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 5.4%. 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 payout ratio is presently 121.57%.

About NNN REIT

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.