NNN REIT, Inc. (NYSE:NNN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of NNN REIT, Inc. (NYSE:NNN) by 42.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 32,604 shares of the real estate investment trust’s stock after selling 24,003 shares during the quarter. SG Americas Securities LLC’s holdings in NNN REIT were worth $1,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its position in NNN REIT by 95.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 61,335 shares of the real estate investment trust’s stock worth $2,167,000 after acquiring an additional 30,011 shares during the period. Nicholas Hoffman & Company LLC. acquired a new position in shares of NNN REIT in the 3rd quarter valued at about $488,000. Goodman Financial Corp lifted its holdings in shares of NNN REIT by 3.6% in the 3rd quarter. Goodman Financial Corp now owns 242,450 shares of the real estate investment trust’s stock valued at $8,568,000 after buying an additional 8,337 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of 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 buying an additional 1,326 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of NNN REIT in the 3rd quarter valued at about $81,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Stock Performance

Shares of NNN stock opened at $42.74 on Friday. The stock has a market cap of $7.82 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 4.96 and a beta of 0.99. The business has a 50-day simple moving average of $41.29 and a 200-day simple moving average of $39.91. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.05. NNN REIT, Inc. has a 52-week low of $34.38 and a 52-week high of $44.96.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a $0.565 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $2.26 annualized dividend and a dividend yield of 5.29%. NNN REIT’s dividend payout ratio (DPR) is presently 104.63%.

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.