NNN REIT (NYSE:NNN) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

NNN REIT (NYSE:NNN) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01, Briefing.com reports. The company had revenue of $238.40 million during the quarter, compared to analyst estimates of $233.37 million. NNN REIT had a net margin of 43.22% and a return on equity of 8.95%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. NNN REIT updated its FY 2026 guidance to 3.470-3.530 EPS.

NNN REIT Stock Performance

NNN REIT stock traded up $0.09 during trading hours on Wednesday, reaching $43.40. 214,941 shares of the stock were exchanged, compared to its average volume of 1,429,685. NNN REIT has a 52-week low of $35.80 and a 52-week high of $44.23. The stock has a market cap of $8.24 billion, a P/E ratio of 20.86, a P/E/G ratio of 3.05 and a beta of 0.86. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.44 and a current ratio of 2.44. The firm’s 50 day moving average is $40.98 and its 200 day moving average is $41.54.

NNN REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, January 30th. NNN REIT’s dividend payout ratio (DPR) is 115.38%.

Institutional Trading of NNN REIT

Several hedge funds have recently modified their holdings of NNN. Parallel Advisors LLC grew its holdings in NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 567 shares during the period. Captrust Financial Advisors grew its stake in shares of NNN REIT by 3.5% during the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after purchasing an additional 3,897 shares during the period. Finally, Horizon Investments LLC increased its holdings in shares of NNN REIT by 65.0% in the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after purchasing an additional 30,333 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NNN shares. UBS Group lowered their price target on shares of NNN REIT from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. B. Riley Financial reissued a “neutral” rating and issued a $43.00 price target (down from $44.00) on shares of NNN REIT in a research report on Friday, November 14th. Evercore cut their target price on NNN REIT from $44.00 to $43.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Wells Fargo & Company boosted their price target on shares of NNN REIT from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NNN REIT in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NNN REIT currently has an average rating of “Hold” and an average price target of $43.71.

NNN REIT Company Profile

NNN REIT (NYSE: NNN), formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.