NNN REIT (NYSE:NNN) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of NNN REIT, Inc. (NYSE:NNN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.81 and traded as high as $45.17. NNN REIT shares last traded at $45.0240, with a volume of 1,544,332 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NNN. Citigroup increased their price target on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $48.50 price target on NNN REIT in a research report on Wednesday, February 11th. BNP Paribas Exane increased their price target on NNN REIT from $43.00 to $44.00 and gave the stock a “strong sell” rating in a research report on Thursday, February 12th. Raymond James Financial reiterated a “market perform” rating on shares of NNN REIT in a research report on Tuesday, March 17th. Finally, Robert W. Baird set a $46.00 price target on NNN REIT in a research report on Thursday, February 12th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, NNN REIT presently has an average rating of “Hold” and an average price target of $45.65.

NNN REIT Stock Up 0.8%

The company has a market cap of $8.82 billion, a PE ratio of 22.51, a P/E/G ratio of 7.47 and a beta of 0.81. The business has a 50-day simple moving average of $44.21 and a 200-day simple moving average of $42.89. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $237.76 million. NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The business’s revenue 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. Equities research analysts anticipate that NNN REIT, Inc. will post 3.49 EPS for the current year.

NNN REIT Announces Dividend

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

Hedge Funds Weigh In On NNN REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC lifted its position in shares of NNN REIT by 3,354.1% in the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,241 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of NNN REIT in the first quarter valued at approximately $76,000. Ameriflex Group Inc. lifted its position in NNN REIT by 1,266.1% during the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 2,165 shares in the last quarter. Rothschild Investment LLC lifted its position in NNN REIT by 1,066.9% during the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 3,905 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in NNN REIT during the fourth quarter worth approximately $187,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.