NNN REIT, Inc. (NYSE:NNN) Receives $43.78 Consensus Target Price from Brokerages

NNN REIT, Inc. (NYSE:NNN) has been given an average rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $43.7778.

Several brokerages have recently issued reports on NNN. Weiss Ratings reissued a “hold (c)” rating on shares of NNN REIT in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective 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. Barclays decreased their target price on shares of NNN REIT from $44.00 to $43.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. B. Riley restated a “neutral” rating and issued a $43.00 price target (down previously from $44.00) on shares of NNN REIT in a research note on Friday, November 14th. Finally, Evercore ISI reduced their price objective on NNN REIT from $44.00 to $43.00 and set an “in-line” rating for the company in a research report on Monday, December 15th.

Institutional Investors Weigh In On NNN REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors grew its position in NNN REIT by 17.3% in the 3rd quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock valued at $5,757,000 after buying an additional 19,976 shares in the last quarter. Horizon Investments LLC raised its position in shares of NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after buying an additional 30,333 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of NNN REIT by 11.0% in the 3rd 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. Ameriflex Group Inc. boosted its holdings in shares of NNN REIT by 1,266.1% in the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 2,165 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of NNN REIT by 25.9% in the third quarter. Handelsbanken Fonder AB now owns 67,100 shares of the real estate investment trust’s stock valued at $2,856,000 after acquiring an additional 13,800 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

NNN REIT Stock Performance

Shares of NYSE NNN opened at $39.51 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.10. The firm’s 50-day moving average price is $40.74 and its two-hundred day moving average price is $41.89. NNN REIT has a 52-week low of $35.80 and a 52-week high of $44.23. The stock has a market capitalization of $7.50 billion, a P/E ratio of 19.00, a P/E/G ratio of 2.91 and a beta of 0.87.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. NNN REIT had a return on equity of 8.95% and a net margin of 43.22%.The business had revenue of $230.16 million for the quarter, compared to analysts’ expectations of $228.45 million. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. As a group, sell-side analysts forecast that NNN REIT will post 3.33 earnings per share for the current year.

NNN REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, October 31st. NNN REIT’s payout ratio is 115.38%.

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.