NNN REIT, Inc. (NYSE:NNN) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its holdings in shares of NNN REIT, Inc. (NYSE:NNNFree Report) by 95.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,335 shares of the real estate investment trust’s stock after purchasing an additional 30,011 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NNN REIT were worth $2,167,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Essex Financial Services Inc. boosted its stake in NNN REIT by 12.8% during the 3rd quarter. Essex Financial Services Inc. now owns 11,675 shares of the real estate investment trust’s stock worth $413,000 after purchasing an additional 1,326 shares during the period. Goodman Financial Corp boosted its stake in NNN REIT by 3.6% during the 3rd quarter. Goodman Financial Corp now owns 242,450 shares of the real estate investment trust’s stock worth $8,568,000 after purchasing an additional 8,337 shares during the period. Nicholas Hoffman & Company LLC. acquired a new stake in NNN REIT during the 3rd quarter worth $488,000. NBC Securities Inc. acquired a new stake in NNN REIT during the 3rd quarter worth $81,000. Finally, Adams Asset Advisors LLC acquired a new stake in NNN REIT during the 3rd quarter worth $441,000. Institutional investors and hedge funds own 88.39% of the company’s stock.

NNN REIT Stock Up 0.9 %

Shares of NYSE:NNN opened at $41.46 on Monday. NNN REIT, Inc. has a 1-year low of $34.38 and a 1-year high of $44.96. The stock has a market cap of $7.57 billion, a P/E ratio of 19.19, a P/E/G ratio of 4.84 and a beta of 0.99. 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 firm has a fifty day moving average price of $41.42 and a 200 day moving average price of $39.67.

NNN REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.565 dividend. This represents a $2.26 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend was Tuesday, January 30th. NNN REIT’s dividend payout ratio (DPR) is presently 104.63%.

NNN REIT Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NNN REIT (NYSE:NNN)

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