Lindbrook Capital LLC Has $32,000 Stock Position in NNN REIT, Inc. (NYSE:NNN)

Lindbrook Capital LLC grew its position in NNN REIT, Inc. (NYSE:NNN) by 77.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 754 shares of the real estate investment trust’s stock after buying an additional 328 shares during the period. Lindbrook Capital LLC’s holdings in NNN REIT were worth $32,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of NNN REIT in the 3rd quarter valued at $81,000. Essex Financial Services Inc. increased its stake 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. Nicholas Hoffman & Company LLC. acquired a new stake in shares of NNN REIT in the 3rd quarter valued at $488,000. Jeppson Wealth Management LLC acquired a new stake in shares of NNN REIT in the 4th quarter valued at $993,000. Finally, Harbour Trust & Investment Management Co acquired a new stake in shares of NNN REIT in the 4th quarter valued at $1,634,000. 89.96% of the stock is owned by institutional investors and hedge funds.

NNN REIT Stock Down 0.6 %

Shares of NNN REIT stock opened at $40.78 on Friday. 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 12 month low of $34.38 and a 12 month high of $44.96. The business has a fifty day simple moving average of $41.41 and a 200 day simple moving average of $40.55. The stock has a market cap of $7.46 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 4.78 and a beta of 1.00.

NNN REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.565 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.26 dividend on an annualized basis and a dividend yield of 5.54%. 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.