Apg Asset Management US Adds $23M in NNN REIT, Inc. ($NNN)

Apg Asset Management US has taken a new position in NNN REIT, Inc. (NYSE:NNN), acquiring 500,350 shares valued at approximately $23.31 million. This move, disclosed in the latest Form 13F filing with the SEC, marks a fresh investment for the asset manager as of the reporting period.

What Changed in Apg Asset Management US's NNN REIT Position

Apg Asset Management US's acquisition of 500,350 shares represents a new stake in NNN REIT, Inc. valued at $23.31 million. The shares were bought at a cost basis of $42.97 each, establishing a significant new position in the real estate investment trust.

Other Institutional Activity in NNN REIT

In other institutional activity, BlackRock, Inc. grew its holdings by 536,620 shares, ending with 25,928,608 shares worth about $1.09 billion. FMR LLC reduced its position by 973,250 shares, resulting in 19,236,585 shares valued at $808.51 million. Vanguard Portfolio Management LLC's holdings now stand at 16,608,781 shares, valued at approximately $698.07 million. Meanwhile, State Street Corp trimmed its stake by 117,827 shares, leaving it with 11,331,794 shares worth $476.28 million.

NNN REIT, Inc. Stock Up 1.9%

Shares of NNN REIT, Inc. (NYSE:NNN) traded near $46.59. The company has a market cap of about $8.86 billion and a P/E ratio of 22.73. It boasts a 52-week range between $38.90 and $46.90, with a 50-day moving average of $44.37 and a 200-day moving average of $42.66. The stock's beta is 0.793, reflecting its relatively low volatility compared to the market.

Recent Earnings

NNN REIT, Inc. reported revenue of approximately $935.78 million, with a revenue growth rate of 4.1%. The company's net margin stands at 41.38%, and its return on equity is 8.85%. The next earnings report is expected on August 5, 2026.

Dividend

NNN REIT, Inc. offers an annual dividend rate of $2.40, yielding 5.15%. The dividend payout ratio is 116.1%, indicating the company returns a significant portion of its earnings to shareholders.

Insider Buying and Selling at NNN REIT, Inc.

Recent insider transactions include purchases by Betsy Holden, David Fick, and Elizabeth Gulacsy, each buying shares at $43.52 on April 30, 2026. Other insiders, including Pamela K.M. Beall and Edward Fritsch, also acquired shares at the same price on that date.

Analysts Set New Price Targets

On June 1, 2026, Wells Fargo maintained its 'hold' rating with a $45.00 price target. Jefferies assumed coverage with a 'hold' rating and a $47.00 target on the same day. Citigroup also maintained a 'hold' rating with a $46.00 target on May 7, 2026. The consensus among analysts is a 'hold' recommendation, with a mean target price of $46.23 from 15 analysts.

About NNN REIT, Inc.

NNN REIT, Inc., based in Orlando, Florida, is a real estate investment trust specializing in high-quality properties typically under long-term net leases. The company owns 3,692 properties across the United States, including the District of Columbia and Puerto Rico. NNN REIT is known for its consistent dividend growth, having increased its annual dividend for 36 consecutive years.

Bottom Line

Apg Asset Management US's new investment in NNN REIT, Inc. highlights the ongoing institutional interest in the real estate sector. This 13F filing provides a snapshot of their holdings as of the reporting period and may not reflect current positions. Investors often track such filings to gauge institutional sentiment and potential market movements.