NNN REIT, Inc. (NYSE:NNN) Stock Has Average Price Target of $47.12 According to Brokerages

Shares of NNN REIT, Inc. (NYSE:NNN) have been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $46.88.

A number of research firms recently commented on NNN. B. Riley Financial reiterated a “neutral” rating and set a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Weiss Ratings cut shares of NNN REIT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Evercore set a $47.00 price objective on shares of NNN REIT in a report on Monday, September 21st. 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 target price for the company. Finally, Morgan Stanley raised shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 target price for the company in a report on Monday, September 21st.

Institutional Trading of NNN REIT

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

NNN REIT Trading Up 3.4%

NYSE NNN opened at $42.12 on Tuesday. NNN REIT has a 12 month low of $38.90 and a 12 month high of $50.00. The stock has a market cap of $8.08 billion, a P/E ratio of 20.65, a P/E/G ratio of 5.54 and a beta of 0.78. The stock’s fifty day moving average price is $42.92 and its 200-day moving average price is $44.76. 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 (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The company had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, equities analysts forecast that NNN REIT will post 3.52 EPS for the current fiscal year.

NNN REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.48 annualized dividend and a yield of 5.9%. NNN REIT’s payout ratio is currently 121.57%.

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.