State Street Corp Amends NNN REIT Holdings as of 12/31/23
Ticker: NNN · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 751364
| Field | Detail |
|---|---|
| Company | Nnn Reit, Inc. (NNN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, REIT, 13G
TL;DR
**State Street Corp updated its NNN REIT holdings, showing continued institutional interest.**
AI Summary
State Street Corp filed an amended SC 13G/A on January 29, 2024, indicating its ownership of NNN REIT INC (formerly National Retail Properties, Inc.) as of December 31, 2023. This filing, under Rule 13d-1(b), updates their previous disclosure regarding their holdings in the REIT class of securities. This matters to investors because it provides transparency into significant institutional ownership, which can signal confidence in the company's long-term prospects and potentially influence stock stability.
Why It Matters
This filing shows that a major institutional investor, State Street Corp, continues to hold a significant position in NNN REIT, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
An investor should note that State Street Corp, a major institutional player, maintains a position in NNN REIT, suggesting continued institutional confidence. However, without specific share counts or percentage ownership from the full filing, the exact impact is limited. This filing is a routine update and doesn't signal an immediate buy or sell.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A
- NNN REIT, INC. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is NNN REIT INC, which was formerly known as National Retail Properties, Inc. and Commercial Net Lease Realty Inc.
Who filed this SC 13G/A?
This SC 13G/A was filed by State Street Corp, a state commercial bank based in Boston, MA.
What is the 'date of event' that triggered this filing?
The 'date of event which requires filing of this statement' is December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding NNN REIT, INC. (NNN).