FMR LLC & Abigail Johnson Report 5.381% Stake in NNN REIT
Ticker: NNN · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0000315066-24-001352 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-001352 Filing Date 2024-02-09 Accepted 2024-02-09 09:28:33 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6419 Complete submission text file 0000315066-24-001352.txt 8421 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 Mailing Address 450 SOUTH ORANGE AVE SUITE 900 ORLANDO FL 32801 Business Address 450 S ORANGE AVE SUITE 900 ORLANDO FL 32801 407-265-7348 NNN REIT, INC. (Subject) CIK : 0000751364 (see all company filings) EIN. : 561431377 | State of Incorp.: MD | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-35621 | Film No.: 24611919 SIC : 6798 Real Estate Investment Trusts (CF Office: 05 Real Estate & Construction)