NNN REIT, Inc. (NYSE:NNN) Receives $45.65 Consensus Target Price from Analysts

NNN REIT, Inc. (NYSE:NNN) has received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $46.3214.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Morgan Stanley raised their price target on shares of NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Jefferies Financial Group started coverage on shares of NNN REIT in a research report on Monday, June 1st. They set a “hold” rating and a $47.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th.

Institutional Trading of NNN REIT

Several institutional investors have recently made changes to their positions in NNN. Sound Income Strategies LLC grew its holdings in shares of NNN REIT by 8.0% during the 4th quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock worth $20,000,000 after purchasing an additional 34,852 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in NNN REIT in the 1st quarter valued at about $2,165,000. SG Americas Securities LLC raised its holdings in NNN REIT by 798.2% in the 1st quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock valued at $11,301,000 after buying an additional 238,938 shares during the period. DGS Capital Management LLC lifted its position in NNN REIT by 70.8% in the first quarter. DGS Capital Management LLC now owns 10,486 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 4,348 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in 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 buying an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Price Performance

Shares of NYSE:NNN opened at $49.21 on Friday. NNN REIT has a twelve month low of $38.90 and a twelve month high of $49.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. The company has a market cap of $9.36 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 7.30 and a beta of 0.80. The company’s 50 day moving average is $45.67 and its 200 day moving average is $44.05.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The company had revenue of $240.42 million during the quarter, compared to analyst estimates of $237.75 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. On average, sell-side analysts forecast that NNN REIT will post 3.49 EPS for the current year.

NNN REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.62 per share. The ex-dividend date is Friday, July 31st. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 5.0%. NNN REIT’s dividend payout ratio (DPR) is 116.50%.

NNN REIT News Roundup

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

• Positive Sentiment: NNN REIT raised its quarterly dividend by 3.3% to $0.62 per share, marking its 37th consecutive annual dividend increase and reinforcing its appeal as a steady income stock. Increased Common Dividend Declared by NNN REIT, Inc.
• Positive Sentiment: Huntington initiated coverage on NNN REIT with an outperform rating and a $51 price target, signaling room for additional upside. NNN REIT (NYSE:NNN) Coverage Initiated by Analysts at Huntington
• Neutral Sentiment: Wells Fargo lifted its price target on NNN REIT to $49 while keeping an equal weight rating, suggesting the stock may be fairly valued near current levels. Benzinga / The Fly report
• Neutral Sentiment: The dividend news also confirmed the payout date and ex-dividend date, but did not include any new operational guidance or earnings update. Increased Common Dividend Declared by NNN REIT, Inc.

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.