NNN REIT (NYSE:NNN) Stock Rated Strong-Buy in New Coverage at Huntington

Equities research analysts at Huntington started coverage on shares of NNN REIT (NYSE:NNN) in a report issued on Wednesday, Zacks reports. The firm set a “strong-buy” rating on the real estate investment trust’s stock.

NNN has been the subject of a number of other reports. B. Riley Financial reaffirmed a “neutral” rating and set a $47.50 price objective (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. National Bank Financial set a $50.00 target price on shares of NNN REIT in a research report on Monday, July 20th. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Finally, Morgan Stanley upgraded shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.88.

NNN REIT Stock Performance

NYSE:NNN opened at $41.68 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. NNN REIT has a 12-month low of $38.90 and a 12-month high of $50.00. The stock has a 50-day moving average price of $42.13 and a 200 day moving average price of $44.26. The stock has a market capitalization of $8.00 billion, a P/E ratio of 20.43, a P/E/G ratio of 5.67 and a beta of 0.77.

NNN REIT (NYSE:NNN) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. The company had revenue of $249.68 million for the quarter, compared to the consensus estimate of $245.37 million. Equities research analysts forecast that NNN REIT will post 3.52 EPS for the current fiscal year.

Institutional Trading of NNN REIT

Several hedge funds have recently modified their holdings of the company. Lido Advisors LLC boosted its position in shares of NNN REIT by 11.2% during the 3rd quarter. Lido Advisors LLC now owns 18,682 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 1,882 shares during the last quarter. Equity Investment Corp increased its position in NNN REIT by 46.1% in the third quarter. Equity Investment Corp now owns 2,435,846 shares of the real estate investment trust’s stock worth $100,089,000 after purchasing an additional 768,831 shares during the last quarter. M&G PLC increased its position in NNN REIT by 1.3% in the third quarter. M&G PLC now owns 275,209 shares of the real estate investment trust’s stock worth $11,284,000 after purchasing an additional 3,546 shares during the last quarter. AlphaCore Capital LLC raised its stake in NNN REIT by 25.3% during the third quarter. AlphaCore Capital LLC now owns 12,990 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 2,622 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in NNN REIT by 0.6% during the third quarter. Retirement Systems of Alabama now owns 197,967 shares of the real estate investment trust’s stock valued at $8,134,000 after purchasing an additional 1,196 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting NNN REIT

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

• Positive Sentiment: Third-quarter revenue was $249.7 million, above the roughly $245.4 million consensus, and earnings per share of $0.57 topped the $0.52 estimate. NNN REIT third-quarter 2026 results
• Positive Sentiment: Core FFO rose 5.9% year over year, and occupancy increased as the portfolio grew—signs of continued operating momentum. Q3 earnings beat as occupancy increased and portfolio grows
• Positive Sentiment: Management expects acquisition yields to be higher into early 2027, which could support returns from future investments. NNN sees higher acquisition yields
• Neutral Sentiment: Quarterly FFO of $0.91 per share matched the consensus estimate, though it was up from $0.86 a year earlier. NNN also kept its 2026 AFFO-per-share guidance at $3.55–$3.59, signaling no change to its outlook. NNN REIT Q3 FFO matched estimates

NNN REIT Company Profile

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.