Jeppson Wealth Management LLC Sells 620 Shares of NNN REIT, Inc. $NNN

Jeppson Wealth Management LLC lessened its holdings in shares of NNN REIT, Inc. (NYSE:NNN) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,982 shares of the real estate investment trust’s stock after selling 620 shares during the quarter. Jeppson Wealth Management LLC’s holdings in NNN REIT were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NNN. Versant Capital Management Inc raised its stake in NNN REIT by 151.9% during the 1st quarter. Versant Capital Management Inc now owns 4,255 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 2,566 shares during the period. GAMMA Investing LLC raised its stake in NNN REIT by 3,301.7% during the 1st quarter. GAMMA Investing LLC now owns 98,138 shares of the real estate investment trust’s stock valued at $4,186,000 after purchasing an additional 95,253 shares during the period. Parallel Advisors LLC raised its stake in NNN REIT by 10.6% during the 1st quarter. Parallel Advisors LLC now owns 6,566 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 628 shares during the period. Red Spruce Capital LLC raised its stake in NNN REIT by 10.3% during the 1st quarter. Red Spruce Capital LLC now owns 47,907 shares of the real estate investment trust’s stock valued at $2,043,000 after purchasing an additional 4,464 shares during the period. Finally, NBC Securities Inc. raised its stake in NNN REIT by 104,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,082 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 2,080 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

NNN has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective on NNN REIT from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. UBS Group lifted their price objective on NNN REIT from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, August 15th. Evercore ISI lifted their price objective on NNN REIT from $44.00 to $46.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Finally, Barclays downgraded NNN REIT from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, NNN REIT has a consensus rating of “Reduce” and a consensus price target of $44.33.

NNN REIT Price Performance

Shares of NNN REIT stock opened at $42.02 on Thursday. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 3.82 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50 day moving average price of $42.30 and a 200-day moving average price of $41.97. NNN REIT, Inc. has a one year low of $35.80 and a one year high of $49.57.

NNN REIT (NYSE:NNN) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $226.80 million during the quarter, compared to analysts’ expectations of $224.26 million. NNN REIT had a return on equity of 9.00% and a net margin of 43.90%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. NNN REIT has set its FY 2025 guidance at 3.340-3.390 EPS. Equities analysts expect that NNN REIT, Inc. will post 3.33 EPS for the current year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a $0.60 dividend. This is a positive change from NNN REIT’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, July 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.7%. NNN REIT’s dividend payout ratio (DPR) is presently 114.29%.

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.