Analysts Set NNN REIT, Inc. (NYSE:NNN) Target Price at $45.65

Shares of NNN REIT, Inc. (NYSE:NNN) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.3214.

A number of research firms have recently weighed in on NNN. Barclays increased their price objective on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Jefferies Financial Group assumed coverage on shares of NNN REIT in a research report on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective on the stock. Finally, Huntington began coverage on shares of NNN REIT in a report on Wednesday. They set an “outperform” rating and a $51.00 target price for the company.

Institutional Trading of NNN REIT

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased 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 worth $11,301,000 after buying an additional 238,938 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of NNN REIT during the 1st quarter valued at about $2,165,000. Sound Income Strategies LLC grew its stake in shares of NNN REIT by 8.0% in the fourth quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock worth $20,000,000 after acquiring an additional 34,852 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of NNN REIT during the fourth quarter valued at approximately $1,300,000. Finally, Horizon Investments LLC lifted its position in NNN REIT by 65.0% during the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after purchasing an additional 30,333 shares during the period. Institutional investors own 89.96% of the company’s stock.

NNN REIT Trading Up 0.8%

NYSE NNN opened at $49.61 on Friday. NNN REIT has a 1-year low of $38.90 and a 1-year high of $50.00. 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 stock has a 50-day moving average of $45.78 and a 200-day moving average of $44.09. The firm has a market cap of $9.44 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 7.64 and a beta of 0.80.

NNN REIT (NYSE:NNN) last issued 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). 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 for the quarter, compared to analysts’ expectations of $237.75 million. During the same quarter in the prior year, the company earned $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. As a group, sell-side analysts forecast that NNN REIT will post 3.49 EPS for the current year.

NNN REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $0.62 per share. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, July 31st. NNN REIT’s dividend payout ratio is currently 120.39%.

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.