NNN REIT (NYSE:NNN) Reaches New 52-Week High – Should You Buy?

NNN REIT, Inc. (NYSE:NNN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.15 and last traded at $46.0530, with a volume of 329085 shares traded. The stock had previously closed at $45.01.

Analyst Ratings Changes

A number of research analysts have commented on NNN shares. Robert W. Baird set a $46.00 target price on NNN REIT in a research note on Thursday, February 12th. Weiss Ratings raised NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Barclays boosted their price target on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Jefferies Financial Group started coverage on NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective on the stock. Finally, Stifel Nicolaus set a $48.50 target price on shares of NNN REIT in a research note on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NNN REIT currently has a consensus rating of “Hold” and a consensus target price of $45.65.

NNN REIT Stock Up 2.3%

The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 7.31 and a beta of 0.81. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50-day simple moving average is $44.04 and its 200-day simple moving average is $42.81.

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

NNN REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Thursday, April 30th. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.

Hedge Funds Weigh In On NNN REIT

Several large investors have recently made changes to their positions in NNN. SG Americas Securities LLC grew its position in shares of NNN REIT by 798.2% during the 1st quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock worth $11,301,000 after buying an additional 238,938 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of NNN REIT during the 1st quarter valued at $2,165,000. Sound Income Strategies LLC lifted its stake in shares of NNN REIT by 8.0% in the 4th quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock valued at $20,000,000 after purchasing an additional 34,852 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of NNN REIT in the 4th quarter worth $1,300,000. Finally, Horizon Investments LLC boosted its position in shares of NNN REIT by 65.0% in the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after purchasing an additional 30,333 shares during the last quarter. Institutional investors and hedge funds 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.