NNN REIT, Inc. (NYSE:NNN) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in NNN REIT, Inc. (NYSE:NNN) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,800 shares of the real estate investment trust’s stock after purchasing an additional 3,600 shares during the period. Handelsbanken Fonder AB’s holdings in NNN REIT were worth $1,284,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its holdings in NNN REIT by 77.0% in the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 328 shares in the last quarter. Harbour Trust & Investment Management Co acquired a new stake in NNN REIT in the 4th quarter valued at $1,634,000. Jeppson Wealth Management LLC acquired a new stake in NNN REIT in the 4th quarter valued at $993,000. Teachers Retirement System of The State of Kentucky increased its holdings in NNN REIT by 95.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 61,335 shares of the real estate investment trust’s stock valued at $2,167,000 after purchasing an additional 30,011 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in NNN REIT by 12.8% in the 3rd quarter. Essex Financial Services Inc. now owns 11,675 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 1,326 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

NNN REIT Stock Down 0.7 %

Shares of NNN REIT stock opened at $40.76 on Friday. The business has a 50-day moving average of $41.41 and a 200-day moving average of $40.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $7.45 billion, a PE ratio of 18.87, a P/E/G ratio of 4.77 and a beta of 1.00. NNN REIT, Inc. has a 1-year low of $34.38 and a 1-year high of $44.96.

NNN REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.565 per share. The ex-dividend date is Monday, April 29th. This represents a $2.26 annualized dividend and a dividend yield of 5.54%. NNN REIT’s dividend payout ratio is presently 104.63%.

About NNN REIT

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.