NNN REIT (NYSE:NNN) Upgraded to Overweight at Morgan Stanley

NNN REIT (NYSE:NNN) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $50.00 price target on the real estate investment trust’s stock. Morgan Stanley’s target price indicates a potential upside of 18.99% from the company’s current price.

NNN has been the subject of several other reports. B. Riley Financial reaffirmed a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. National Bank Financial set a $50.00 price objective on NNN REIT in a report on Monday, July 20th. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Barclays lifted their target price on shares of NNN REIT from $45.00 to $47.00 and gave the stock an “underweight” rating in a report on Friday, September 4th. Finally, Evercore set a $48.00 target price on NNN REIT in a research note on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.60.

NNN REIT Stock Performance

Shares of NNN REIT stock traded up $0.47 during trading on Monday, hitting $42.02. 190,841 shares of the company’s stock were exchanged, compared to its average volume of 1,595,264. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 6.71 and a beta of 0.79. The business has a 50-day simple moving average of $46.23 and a 200-day simple moving average of $45.24. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. NNN REIT has a 52-week low of $38.90 and a 52-week high of $50.00.

NNN REIT (NYSE:NNN) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, research analysts forecast that NNN REIT will post 3.51 EPS for the current year.

Institutional Investors Weigh In On NNN REIT

A number of institutional investors have recently modified their holdings of NNN. Parkside Financial Bank & Trust raised its position in shares of NNN REIT by 155.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 335 shares in the last quarter. Clearstead Trust LLC purchased a new position in shares of NNN REIT in the 2nd quarter worth approximately $27,000. Avalon Trust Co bought a new position in NNN REIT in the 2nd quarter worth approximately $38,000. Root Financial Partners LLC boosted its holdings in shares of NNN REIT by 3,354.1% in 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 bought a new position in NNN REIT in the 1st quarter worth $76,000. Institutional investors 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.