NNN REIT (NYSE:NNN) Upgraded at Morgan Stanley

NNN REIT (NYSE:NNN) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $50.00 price objective on the real estate investment trust’s stock. Morgan Stanley’s price target would suggest a potential upside of 21.13% from the company’s current price.

A number of other brokerages also recently weighed in on NNN. Barclays increased their price target on shares of NNN REIT from $45.00 to $47.00 and gave the company an “underweight” rating in a report on Friday, September 4th. Wells Fargo & Company reduced their price target on shares of NNN REIT from $49.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Robert W. Baird set a $49.00 price target on shares of NNN REIT in a report on Thursday, August 6th. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Finally, Huntington started coverage on shares of NNN REIT in a report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, NNN REIT has a consensus rating of “Hold” and an average target price of $47.53.

NNN REIT Stock Performance

Shares of NYSE NNN traded up $0.10 during trading hours on Monday, hitting $41.28. 2,005,166 shares of the stock were exchanged, compared to its average volume of 1,623,570. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50 day moving average is $45.71 and its 200 day moving average is $45.13. The firm has a market capitalization of $7.92 billion, a P/E ratio of 20.23, a P/E/G ratio of 6.72 and a beta of 0.79. NNN REIT has a one year low of $38.90 and a one year high of $50.00.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, research analysts expect that NNN REIT will post 3.51 EPS for the current year.

Institutional Investors Weigh In On NNN REIT

A number of hedge funds have recently made changes to their positions in NNN. Parkside Financial Bank & Trust increased its position in shares of NNN REIT by 155.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 335 shares in the last quarter. Clearstead Trust LLC acquired a new stake in shares of NNN REIT during the 2nd quarter worth about $27,000. Avalon Trust Co acquired a new stake in shares of NNN REIT during the 2nd quarter worth about $38,000. Root Financial Partners LLC increased its position in shares of NNN REIT by 3,354.1% during the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of NNN REIT during the 1st quarter worth about $76,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Company Profile

NNN REIT (NYSE: NNN) is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT’s properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.