NNN REIT, Inc. (NYSE:NNN) Receives $43.17 Consensus Price Target from Analysts

NNN REIT, Inc. (NYSE:NNN) has been given an average rating of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $43.7143.

Several analysts have recently commented on NNN shares. Weiss Ratings reissued a “hold (c)” rating on shares of NNN REIT in a research note on Wednesday, October 8th. B. Riley reiterated a “neutral” rating and set a $43.00 price target (down previously from $44.00) on shares of NNN REIT in a report on Friday, November 14th. Wells Fargo & Company increased their price target on NNN REIT from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Barclays cut their price objective on shares of NNN REIT from $44.00 to $43.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday.

NNN REIT Stock Up 0.1%

NNN REIT stock opened at $42.71 on Friday. NNN REIT has a 1-year low of $35.80 and a 1-year high of $44.23. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 3.05 and a beta of 0.86. The firm’s fifty day moving average price is $40.62 and its two-hundred day moving average price is $41.64. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. NNN REIT had a net margin of 43.22% and a return on equity of 8.95%. The company had revenue of $230.16 million during the quarter, compared to the consensus estimate of $228.45 million. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. On average, equities research analysts predict that NNN REIT will post 3.33 earnings per share for the current fiscal year.

NNN REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.40 annualized dividend and a dividend yield of 5.6%. NNN REIT’s dividend payout ratio (DPR) is currently 115.38%.

Institutional Trading of NNN REIT

A number of institutional investors and hedge funds have recently modified their holdings of the business. Chung Wu Investment Group LLC bought a new stake in NNN REIT during the second quarter worth $30,000. Quent Capital LLC bought a new stake in shares of NNN REIT during the 3rd quarter worth $51,000. Ameriflex Group Inc. boosted its holdings in shares of NNN REIT by 1,266.1% in the 3rd quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 2,165 shares during the last quarter. GAMMA Investing LLC grew its position in NNN REIT by 56.5% during the second quarter. GAMMA Investing LLC now owns 3,600 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 1,299 shares during the period. Finally, Rothschild Investment LLC grew its position in NNN REIT by 1,066.9% during the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 3,905 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.