DGS Capital Management LLC Takes Position in NNN REIT, Inc. (NYSE:NNN)

DGS Capital Management LLC bought a new position in NNN REIT, Inc. (NYSE:NNN) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,869 shares of the real estate investment trust’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nicholas Hoffman & Company LLC. lifted its stake in shares of NNN REIT by 1.8% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 13,325 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 240 shares during the period. Farther Finance Advisors LLC raised its position in NNN REIT by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 280 shares during the period. GAMMA Investing LLC boosted its stake in shares of NNN REIT by 23.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,881 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 553 shares during the last quarter. LRI Investments LLC grew its position in shares of NNN REIT by 100.6% during the 2nd quarter. LRI Investments LLC now owns 1,613 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 809 shares during the period. Finally, Pathway Financial Advisers LLC increased its stake in shares of NNN REIT by 32.9% in the 2nd quarter. Pathway Financial Advisers LLC now owns 5,709 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 1,414 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NNN REIT

In other news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total transaction of $42,510.00. Following the transaction, the executive vice president now owns 68,756 shares of the company’s stock, valued at approximately $2,922,817.56. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.82% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BNP Paribas cut NNN REIT from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a research report on Monday, November 4th. Royal Bank of Canada dropped their price target on shares of NNN REIT from $48.00 to $45.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. StockNews.com cut shares of NNN REIT from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. B. Riley decreased their price target on NNN REIT from $49.00 to $46.50 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Finally, Raymond James increased their target price on NNN REIT from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.94.

NNN REIT Stock Performance

NYSE NNN opened at $42.59 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.85 and a quick ratio of 2.85. The stock has a market capitalization of $7.99 billion, a PE ratio of 19.72, a P/E/G ratio of 2.16 and a beta of 1.10. NNN REIT, Inc. has a 1-year low of $38.88 and a 1-year high of $49.57. The business has a 50 day simple moving average of $44.73 and a two-hundred day simple moving average of $45.04.

NNN REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, October 31st. NNN REIT’s payout ratio is 107.41%.

NNN REIT Company 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.