FMR LLC & Abigail Johnson Report 5.381% Stake in NNN REIT
Ticker: NNN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 751364
| Field | Detail |
|---|---|
| Company | Nnn Reit, Inc. (NNN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, passive-investing
TL;DR
**FMR LLC and Abigail Johnson now own 5.381% of NNN REIT, a slight update to their significant stake.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have updated their holdings in NNN REIT, INC. As of February 9, 2024, they collectively own 9,818,736 shares of common stock, representing 5.381% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their reported ownership percentage. This matters to investors because FMR LLC is a significant institutional holder, and changes in their stake can signal their confidence (or lack thereof) in NNN REIT's future performance.
Why It Matters
Large institutional ownership by firms like FMR LLC can provide stability and signal confidence in a company, while changes in their stake can influence market perception and stock price.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility risk for the stock.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which suggests a long-term, stable investment perspective. While this filing doesn't indicate a major change, it confirms a key institutional holder's position. Monitor future 13G/A filings for any significant increases or decreases in their stake, which could signal a shift in their outlook on NNN REIT.
Key Numbers
- 9,818,736 — Shares Beneficially Owned (Represents the total common stock held by FMR LLC and Abigail P. Johnson in NNN REIT, INC.)
- 5.381% — Ownership Percentage (Indicates the significant stake FMR LLC and Abigail P. Johnson have in NNN REIT, INC.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- NNN REIT, INC. (company) — the issuer of the common stock
- 9,818,736 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 5.381% (dollar_amount) — percentage of NNN REIT's common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, stable ownership stake in NNN REIT, INC. over the next year. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares of NNN REIT, INC. common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each beneficially own 9,818,736 shares of NNN REIT, INC. common stock, as reported in Item 7 and Item 9 for both reporting persons.
What percentage of NNN REIT, INC.'s common stock do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 5.381% of NNN REIT, INC.'s common stock, as indicated in Item 11 for both.
What is the CUSIP number for NNN REIT, INC. common stock mentioned in the filing?
The CUSIP number for NNN REIT, INC. common stock is 637417106, as listed under 'Cusip #637417106' at the beginning of the Schedule 13G and in Item 2(e).
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box 'Rule 13d-1(b)' and explicitly stated in Item 3 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding NNN REIT, INC. (NNN).