Verity & Verity 13F: Adds $525K to NNN REIT (NNN) Stake

Verity & Verity boosted its stake in NNN REIT, Inc. (NYSE:NNN) during the third quarter, growing its holdings by 12,786 shares. According to the firm's Form 13F filing with the SEC on October 23, 2026, the institutional investor finished the period with 486,631 shares. The reported value of the stake reached approximately $20.0 million.

NNN NNN REIT, Inc.

$41.72 ▲ +9.99% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Verity & Verity's NNN REIT Position

Verity & Verity expanded its investment in the retail property trust by 2.7% compared to the prior quarter. The firm previously held 473,845 shares of the company. The addition brings the total value of its position to $19,995,668 based on the valuation provided in the disclosure.

Other Institutional Activity in NNN REIT

Other large institutional investors made sizeable adjustments to their portfolios regarding NNN REIT around the same time. Cohen & Steers Inc. grew its holdings by 4,734,411 shares, ending with 4,979,814 shares worth about $207.8 million. Victory Capital Management Inc. reduced its position by 2,266,709 shares, ending with 6,051,488 shares valued at approximately $252.5 million. AQR Capital Management, LLC grew its holdings by 5,915,708 shares, ending with 9,773,107 shares worth about $407.7 million. Apg Asset Management US held 500,350 shares valued at about $23.3 million.

NNN REIT, Inc. Stock Up 2.5%

Shares of NNN REIT recently traded around $41.72 on October 24, 2026, matching the closing price on the day of the filing. The stock sits below its 50-day moving average of $42.96 and under its 200-day moving average of $44.28. The retail landlord has traded in a 52-week range between $38.90 and $50.00.

Recent Earnings

NNN REIT generated $953.2 million in trailing-twelve-month revenue with a net profit margin of 40.4%. The company posted trailing earnings of $2.02 per share and a return on equity of 8.7%. The REIT's next quarterly earnings update is scheduled for November 4, 2026.

Dividend

The company pays an annual dividend rate of $2.48 per share, which translates to a dividend yield of 5.89%. The payout ratio stands at 118.8%.

Insider Buying and Selling at NNN REIT, Inc.

Company insiders executed several transactions earlier in the year. Chief Technology Officer Michelle Lynn Miller sold 4,000 shares on February 20, 2026, at an average price of $44.03 for a total of $176,120. Chief Operating Officer Jonathan Adamo sold 6,000 shares on March 6, 2026, at $44.99 per share for $269,940. Chief Executive Officer Stephen A. Horn Jr. sold 33,192 shares on March 9, 2026, at $44.98 per share for a total value of $1,492,976.

Analysts Set New Price Targets

Wall Street research firms hold mixed views on the stock. Morgan Stanley upgraded the shares to an Overweight rating with a $50.00 target on September 21, 2026. Evercore ISI Group maintained an In-Line rating while lowering its target from $48.00 to $47.00 on September 21, 2026. Truist Securities initiated coverage with a Hold rating and a $45.00 target on October 2, 2026. Wells Fargo maintained an Equal-Weight rating while adjusting its target from $47.00 to $43.00 on October 19, 2026. Barclays maintained an Underweight rating while moving its target from $47.00 to $43.00 on October 20, 2026. Analysts maintain a consensus Hold recommendation with a mean price target of $46.25 across 16 opinions.

About NNN REIT

NNN REIT, Inc. operates as a real estate investment trust focused on acquiring, managing, and developing retail properties leased on a long-term, net-lease basis. The firm owns thousands of properties spanning multiple states, providing tenants with stable retail locations while minimizing landlord capital expenditures.

Bottom Line

Verity & Verity's increased stake reflects continued institutional interest in the retail property sector. Investors will look toward the upcoming earnings release on November 4, 2026, for further operational updates and portfolio details.