NNN REIT (NNN) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for NNN REIT (NYSE: NNN):

• 2/4/2025 – NNN REIT had its price target lowered by analysts at Barclays PLC from $48.00 to $46.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – NNN REIT is now covered by analysts at Evercore ISI. They set an “inline” rating and a $42.00 price target on the stock.
• 1/15/2025 – NNN REIT was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $48.00 price target on the stock.
• 1/15/2025 – NNN REIT was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating. They now have a $43.00 price target on the stock.
• 1/2/2025 – NNN REIT was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $43.00 price target on the stock, down previously from $52.00.
• 12/17/2024 – NNN REIT is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $48.00 price target on the stock.
• 12/11/2024 – NNN REIT is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “hold” rating and a $46.00 price target on the stock.

NNN REIT Trading Down 0.7 %

NYSE NNN opened at $39.11 on Tuesday. The company’s 50-day simple moving average is $40.90 and its two-hundred day simple moving average is $44.43. NNN REIT, Inc. has a one year low of $37.55 and a one year high of $49.57. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85.

NNN REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Friday, January 31st. NNN REIT’s dividend payout ratio (DPR) is 107.41%.

Insiders Place Their Bets

In related news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $42.51, for a total transaction of $42,510.00. Following the completion of the transaction, the executive vice president now owns 68,756 shares in the company, valued at $2,922,817.56. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its holdings in shares of NNN REIT by 9.6% during the fourth quarter. Sound Income Strategies LLC now owns 345,264 shares of the real estate investment trust’s stock worth $14,104,000 after purchasing an additional 30,146 shares during the period. Everence Capital Management Inc. acquired a new stake in NNN REIT during the 4th quarter valued at approximately $206,000. SG Americas Securities LLC lifted its stake in NNN REIT by 3,469.0% during the 4th quarter. SG Americas Securities LLC now owns 91,294 shares of the real estate investment trust’s stock valued at $3,729,000 after acquiring an additional 88,736 shares during the period. Red Spruce Capital LLC boosted its holdings in shares of NNN REIT by 16.9% in the 4th quarter. Red Spruce Capital LLC now owns 43,443 shares of the real estate investment trust’s stock valued at $1,775,000 after acquiring an additional 6,289 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of NNN REIT by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.