NNN REIT, Inc. (NYSE:NNN) Receives $45.65 Consensus Target Price from Analysts

Shares of NNN REIT, Inc. (NYSE:NNN) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $45.6538.

Several research firms have recently weighed in on NNN. Royal Bank Of Canada upped their price target on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen cut shares of NNN REIT from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley upped their price target on shares of NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group began coverage on shares of NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price target on the stock.

NNN REIT Trading Down 0.1%

NNN REIT stock opened at $44.98 on Tuesday. The stock has a market cap of $8.56 billion, a P/E ratio of 21.83, a PEG ratio of 7.31 and a beta of 0.81. NNN REIT has a fifty-two week low of $38.90 and a fifty-two week high of $46.90. The firm’s fifty day moving average price is $44.62 and its 200-day moving average price is $43.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63.

NNN REIT (NYSE:NNN) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $240.42 million during the quarter, compared to the consensus estimate of $237.76 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Equities research analysts forecast that NNN REIT will post 3.49 earnings per share for the current fiscal year.

NNN REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Thursday, April 30th. NNN REIT’s dividend payout ratio is currently 116.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NNN. Captrust Financial Advisors increased its stake in NNN REIT by 3.5% in the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock valued at $4,977,000 after acquiring an additional 3,897 shares during the last quarter. Rothschild Investment LLC increased its stake in NNN REIT by 1,066.9% in the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 3,905 shares during the last quarter. Syon Capital LLC increased its stake in NNN REIT by 113.1% in the third quarter. Syon Capital LLC now owns 18,598 shares of the real estate investment trust’s stock valued at $792,000 after acquiring an additional 9,871 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in NNN REIT by 24.2% in the third quarter. EverSource Wealth Advisors LLC now owns 6,882 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 1,342 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in 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 during the last quarter. Institutional investors own 89.96% of the company’s stock.

About NNN REIT

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.