DGS Capital Management LLC Purchases 461 Shares of NNN REIT, Inc. (NYSE:NNN)

DGS Capital Management LLC lifted its position in shares of NNN REIT, Inc. (NYSE:NNN) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,330 shares of the real estate investment trust’s stock after purchasing an additional 461 shares during the quarter. DGS Capital Management LLC’s holdings in NNN REIT were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in NNN REIT by 14.1% during the third quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 280 shares during the period. GAMMA Investing LLC lifted its position in 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 valued at $140,000 after acquiring an additional 553 shares during the period. Everence Capital Management Inc. bought a new stake in NNN REIT during the fourth quarter worth about $206,000. Steph & Co. boosted its stake in NNN REIT by 8.2% during the fourth quarter. Steph & Co. now owns 5,664 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 429 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in NNN REIT by 32.9% in the second 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 during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NNN. Barclays initiated coverage on NNN REIT in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $48.00 price target on the stock. StockNews.com downgraded NNN REIT from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Morgan Stanley upgraded NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Wednesday, January 15th. Colliers Securities downgraded shares of NNN REIT from a “buy” rating to a “neutral” rating in a research report on Friday, November 1st. Finally, B. Riley reduced their price objective on shares of NNN REIT from $49.00 to $46.50 and set a “buy” rating for the company in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.79.

Insiders Place Their Bets

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total transaction of $42,510.00. Following the sale, the executive vice president now directly owns 68,756 shares of the company’s stock, valued at $2,922,817.56. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.82% of the company’s stock.

NNN REIT Trading Up 0.1 %

Shares of NNN stock opened at $39.67 on Monday. The stock has a market capitalization of $7.44 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.98 and a beta of 1.11. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 1.00. NNN REIT, Inc. has a 12-month low of $37.55 and a 12-month high of $49.57. The firm’s 50 day moving average is $41.36 and its 200 day moving average is $44.66.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.85%. NNN REIT’s dividend payout ratio (DPR) is 107.41%.

NNN REIT 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.