NNN REIT (NYSE:NNN) Stock Price Target Cut by Barclays

NNN REIT (NYSE:NNN) had its price objective decreased by stock analysts at Barclays from $47.00 to $43.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 3.28% from the company’s previous close.

NNN has been the subject of several other reports. Morgan Stanley raised shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 price target for the company in a report on Monday, September 21st. Weiss Ratings cut shares of NNN REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Evercore set a $47.00 price objective on NNN REIT in a research report on Monday, September 21st. B. Riley Financial reiterated a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Finally, Huntington began coverage on NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 target price for the company. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.88.

NNN REIT Stock Up 1.9%

Shares of NYSE NNN opened at $41.63 on Tuesday. NNN REIT has a 1 year low of $38.90 and a 1 year high of $50.00. The firm has a market cap of $7.99 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 6.69 and a beta of 0.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50 day simple moving average of $43.18 and a 200 day simple moving average of $44.78.

NNN REIT (NYSE:NNN) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $244.27 million during the quarter, compared to analyst estimates of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, research analysts forecast that NNN REIT will post 3.52 EPS for the current year.

Hedge Funds Weigh In On NNN REIT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its stake in shares of NNN REIT by 155.8% in the second quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 335 shares during the period. Clearstead Trust LLC purchased a new stake in NNN REIT during the 2nd quarter valued at $27,000. Avalon Trust Co purchased a new stake in NNN REIT during the 2nd quarter valued at $38,000. Horizons Wealth Management bought a new stake in NNN REIT in the 3rd quarter worth $40,000. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in NNN REIT in the 3rd quarter worth $41,000. 89.96% of the stock is currently owned by institutional investors.

About NNN REIT

NNN REIT, Inc is a real estate investment trust that owns and manages a diversified portfolio of freestanding retail properties. The company primarily invests in properties that are leased to retail businesses under long-term, triple-net agreements, under which tenants generally pay property taxes, insurance and maintenance costs in addition to rent.

The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.