NNN REIT, Inc. (NYSE:NNN) Stock Has Consensus Target Price of $47.12

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

Several research firms recently issued reports on NNN. Truist Financial assumed coverage on NNN REIT in a report on Thursday, October 1st. They set a “hold” rating and a $45.00 target price on the stock. Robert W. Baird set a $49.00 price target on NNN REIT in a research note on Thursday, August 6th. National Bank Financial set a $50.00 price target on NNN REIT in a research note on Monday, July 20th. Weiss Ratings lowered NNN REIT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Barclays dropped their price objective on NNN REIT from $47.00 to $43.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 20th.

NNN REIT Stock Performance

Shares of NNN stock opened at $42.06 on Tuesday. NNN REIT has a 12 month low of $38.90 and a 12 month high of $50.00. The company’s fifty day simple moving average is $42.79 and its 200-day simple moving average is $44.26. The firm has a market cap of $8.07 billion, a PE ratio of 20.62, a P/E/G ratio of 5.67 and a beta of 0.78. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) 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 firm had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities research analysts expect that NNN REIT will post 3.52 EPS for the current fiscal year.

NNN REIT Dividend Announcement

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

Institutional Trading of NNN REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in NNN. Sigma Planning Corp raised its holdings in shares of NNN REIT by 4.1% in the 3rd quarter. Sigma Planning Corp now owns 9,442 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 369 shares during the period. Evergreen Capital Management LLC lifted its stake in NNN REIT by 5.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 21,991 shares of the real estate investment trust’s stock valued at $904,000 after purchasing an additional 1,070 shares during the last quarter. Tectonic Advisors LLC grew its holdings in NNN REIT by 6.7% during the third quarter. Tectonic Advisors LLC now owns 405,201 shares of the real estate investment trust’s stock worth $16,650,000 after purchasing an additional 25,594 shares during the period. Inspire Investing LLC grew its holdings in NNN REIT by 5.1% during the third quarter. Inspire Investing LLC now owns 10,548 shares of the real estate investment trust’s stock worth $433,000 after purchasing an additional 511 shares during the period. Finally, MBL Wealth LLC bought a new position in NNN REIT during the third quarter worth about $368,000. 89.96% of the stock is owned by institutional investors.

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.