DGS Capital Management LLC Grows Stock Holdings in NNN REIT, Inc. (NYSE:NNN)

DGS Capital Management LLC lifted its holdings in NNN REIT, Inc. (NYSE:NNN) by 9.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,330 shares of the real estate investment trust’s stock after buying an additional 461 shares during the period. DGS Capital Management LLC’s holdings in NNN REIT were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NNN. Farther Finance Advisors LLC increased its stake 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 worth $110,000 after acquiring an additional 280 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of NNN REIT by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,881 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 553 shares during the period. Everence Capital Management Inc. bought a new position in shares of NNN REIT during the 4th quarter valued at approximately $206,000. Steph & Co. raised its holdings in NNN REIT by 8.2% during the 4th quarter. Steph & Co. now owns 5,664 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 429 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position 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 buying an additional 1,414 shares during 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 NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $42.51, for a total transaction of $42,510.00. Following the completion of the sale, the executive vice president now directly owns 68,756 shares of the company’s stock, valued at approximately $2,922,817.56. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.82% of the company’s stock.

NNN REIT Trading Up 0.1 %

NYSE:NNN opened at $39.67 on Monday. The firm has a 50-day simple moving average of $41.36 and a 200-day simple moving average of $44.66. NNN REIT, Inc. has a one year low of $37.55 and a one year high of $49.57. The firm has a market cap 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 debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85.

NNN REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, January 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.85%. NNN REIT’s dividend payout ratio is currently 107.41%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of NNN REIT in a research note on Wednesday, December 11th. They issued a “hold” rating and a $46.00 target price on the stock. Morgan Stanley raised shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Wednesday, January 15th. Janney Montgomery Scott cut NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Wednesday, January 15th. UBS Group decreased their price target on NNN REIT from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, Jefferies Financial Group lowered NNN REIT from a “buy” rating to a “hold” rating and reduced their target price for the stock from $52.00 to $43.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.79.

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.