Royal Bank Of Canada Issues Positive Forecast for NNN REIT (NYSE:NNN) Stock Price

NNN REIT (NYSE:NNN) had its price target upped by equities researchers at Royal Bank Of Canada from $43.00 to $44.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 0.66% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus set a $48.50 target price on shares of NNN REIT in a report on Wednesday, February 11th. Barclays raised their target price on shares of NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Tuesday, April 21st. Raymond James Financial restated a “market perform” rating on shares of NNN REIT in a report on Tuesday, March 17th. Robert W. Baird set a $46.00 target price on shares of NNN REIT in a report on Thursday, February 12th. Finally, UBS Group raised their target price on shares of NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.41.

NNN REIT Price Performance

NNN stock traded down $0.08 during trading on Friday, hitting $43.71. 743,157 shares of the company’s stock traded hands, compared to its average volume of 1,531,697. NNN REIT has a 52 week low of $38.90 and a 52 week high of $46.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The business has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $42.25. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 5.83 and a beta of 0.85.

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 the consensus estimate of $0.51 by ($0.01). The business had revenue of $240.01 million for the quarter, compared to the consensus estimate of $237.76 million. NNN REIT had a net margin of 42.08% and a return on equity of 8.89%. NNN REIT’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 EPS. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, research analysts expect that NNN REIT will post 3.48 EPS for the current fiscal year.

Insider Transactions at NNN REIT

In related news, EVP Jonathan Adamo sold 6,000 shares of NNN REIT stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $44.99, for a total transaction of $269,940.00. Following the completion of the sale, the executive vice president owned 126,358 shares in the company, valued at $5,684,846.42. This trade represents a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of NNN REIT stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $44.98, for a total transaction of $1,492,976.16. Following the sale, the chief executive officer owned 822,711 shares of the company’s stock, valued at $37,005,540.78. The trade was a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NNN. Quent Capital LLC purchased a new position in NNN REIT during the 3rd quarter valued at about $51,000. Root Financial Partners LLC increased its position in NNN REIT by 3,354.1% during the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,241 shares during the period. Ascentis Independent Advisors purchased a new position in NNN REIT during the 1st quarter valued at about $76,000. Ameriflex Group Inc. increased its position in NNN REIT by 1,266.1% during the 3rd quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 2,165 shares during the period. Finally, Rothschild Investment LLC increased its position in NNN REIT by 1,066.9% during the 3rd quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 3,905 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Key Headlines Impacting NNN REIT

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: NNN raised 2026 AFFO per share guidance to $3.53–$3.59 and said it’s targeting $550M–$650M of acquisitions, supporting future cash‑flow growth. Read More.
• Positive Sentiment: The company increased its full‑year EPS guidance to $3.480–$3.540 (in line with consensus) and reiterated a constructive outlook, which reduces uncertainty around 2026 results. Read More.
• Neutral Sentiment: Q1 revenue of $240.01M rose 4.1% year‑over‑year and topped estimates (~$237.75M), indicating leasing/occupancy strength even as near‑term EPS slipped. Read More.
• Neutral Sentiment: Company released an earnings presentation and full call transcript, useful for investors gauging tenant trends, cap‑ex, and financing commentary. Read More. | Read More.
• Negative Sentiment: Q1 EPS was $0.50, missing the Street by $0.01 and down from $0.87 a year earlier — the year‑over‑year EPS decline likely disappointed investors focused on near‑term earnings momentum. Read More.
• Negative Sentiment: Despite guidance being roughly in line, the tiny EPS miss, combined with the large year‑over‑year EPS drop, may have outweighed positive guidance and acquisition plans in short‑term trading, contributing to the stock moving lower. Read More.

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.