Sumitomo Mitsui Trust Group Inc. reduced its stake in NNN REIT, Inc. (NYSE:NNN – Free Report) by 65.9% during the 3rd quarter, Holdings Channel reports. The fund owned 224,261 shares of the real estate investment trust’s stock after selling 433,341 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in NNN REIT were worth $9,215,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its stake in NNN REIT by 155.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 335 shares in the last quarter. Clearstead Trust LLC purchased a new stake in NNN REIT during the 2nd quarter worth about $27,000. Avalon Trust Co acquired a new stake in NNN REIT in the 2nd quarter valued at about $38,000. Horizons Wealth Management acquired a new stake in NNN REIT in the 3rd quarter valued at about $40,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in NNN REIT in the 3rd quarter valued at about $41,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.
NNN REIT News Roundup
Here are the key news stories impacting NNN REIT this week:
- Positive Sentiment: NNN beat Q3 expectations, reporting $0.57 per share versus a $0.52 consensus and revenue of $249.68 million versus $245.37 million expected. Occupancy was 99.2%, and the company maintained its guidance—supportive signs for operating performance. NNN REIT Q3 2026: Earnings Beat, 99.2% Occupancy, and Guidance Held
- Positive Sentiment: Huntington initiated coverage with a “strong buy” rating. NNN was also included in a roundup of REITs with generous dividends following favorable Q3 results, which may appeal to income-focused investors. 5 REIT Stocks With Generous Dividends to Consider After Q3 Earnings
- Neutral Sentiment: RBC raised its price target from $42 to $43 and kept a “sector perform” rating, signaling modestly improved valuation expectations but a neutral outlook. RBC analyst recommendations
- Negative Sentiment: Citigroup lowered its target from $46 to $44 and maintained a “neutral” rating. The reduced target could limit near-term optimism, despite implying potential upside from the then-current share price. Citigroup analyst recommendations
NNN REIT Stock Down 0.6%
Shares of NYSE NNN traded down $0.26 during midday trading on Friday, hitting $41.20. 3,159,858 shares of the company’s stock were exchanged, compared to its average volume of 2,697,968. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. NNN REIT, Inc. has a twelve month low of $38.90 and a twelve month high of $50.00. The company has a market cap of $7.91 billion, a PE ratio of 19.62, a P/E/G ratio of 5.67 and a beta of 0.77. The firm’s fifty day simple moving average is $41.96 and its 200-day simple moving average is $44.25.
NNN REIT (NYSE:NNN – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $249.68 million during the quarter, compared to the consensus estimate of $245.37 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. Research analysts predict that NNN REIT, Inc. will post 3.52 EPS 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. Stockholders of record on Friday, October 30th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, October 30th. NNN REIT’s payout ratio is currently 118.10%.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. National Bank Financial set a $50.00 price target on shares of NNN REIT in a report on Monday, July 20th. Royal Bank Of Canada lifted their price objective on shares of NNN REIT from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of NNN REIT from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a research note on Thursday, August 6th. Finally, Evercore set a $47.00 target price on NNN REIT in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, NNN REIT presently has a consensus rating of “Hold” and an average price target of $46.50.
View Our Latest Research Report on NNN
NNN REIT Company Profile
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.
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