NNN REIT, Inc. (NYSE:NNN) Receives $46.57 Consensus Target Price from Analysts

Shares of NNN REIT, Inc. (NYSE:NNN) have been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $47.60.

Several research firms have issued reports on NNN. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a research note on Thursday, August 6th. Jefferies Financial Group began coverage on shares of NNN REIT in a research note on Monday, June 1st. They issued a “hold” rating and a $47.00 target price on the stock. Evercore set a $48.00 target price on shares of NNN REIT in a report on Thursday, August 6th. Huntington initiated coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price target for the company. Finally, Wells Fargo & Company increased their price target on NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th.

Institutional Investors Weigh In On NNN REIT

Large investors have recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC raised its stake in shares of NNN REIT by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 251 shares during the period. Parallel Advisors LLC lifted its position in shares of 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 purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of NNN REIT by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 573 shares during the period. Clearstead Trust LLC purchased a new position in shares of NNN REIT in the second quarter valued at $27,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of NNN REIT by 11.2% in the first quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 658 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Stock Performance

NYSE NNN opened at $45.74 on Thursday. The business’s 50-day moving average price is $46.98 and its 200 day moving average price is $44.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. NNN REIT has a twelve month low of $38.90 and a twelve month high of $50.00. The company has a market capitalization of $8.78 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 7.37 and a beta of 0.79.

NNN REIT (NYSE:NNN) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, research analysts predict that NNN REIT will post 3.49 earnings per share for the current year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 5.4%. NNN REIT’s dividend payout ratio (DPR) is currently 121.57%.

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.