Brokerages Set NNN REIT, Inc. (NYSE:NNN) PT at $46.57

Shares of NNN REIT, Inc. (NYSE:NNN) have received an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three 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 $47.30.

A number of analysts have recently commented on NNN shares. Morgan Stanley lowered NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a report on Monday, July 20th. Wells Fargo & Company lifted their target price on NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Barclays boosted their target price on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Weiss Ratings raised NNN REIT from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Evercore set a $48.00 price target on NNN REIT in a research report on Thursday.

NNN REIT Trading Down 0.3%

NNN opened at $46.86 on Thursday. The stock has a market capitalization of $8.99 billion, a P/E ratio of 22.97, a P/E/G ratio of 7.22 and a beta of 0.79. NNN REIT has a 12 month low of $38.90 and a 12 month high of $50.00. The firm’s fifty day simple moving average is $46.87 and its 200 day simple moving average is $44.88. The company has a current ratio of 1.15, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $244.27 million during the quarter, compared to analyst estimates of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, research analysts anticipate that NNN REIT will post 3.49 EPS for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.62 dividend. 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 5.3%. The ex-dividend date of this dividend is Friday, July 31st. NNN REIT’s payout ratio is presently 120.39%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NNN. BlackRock Inc. acquired a new stake in NNN REIT in the second quarter valued at $1,242,752,000. Bank of New York Mellon Corp bought a new position in shares of NNN REIT in the 2nd quarter valued at about $85,430,000. Equity Investment Corp acquired a new position in shares of NNN REIT during the 2nd quarter worth about $77,566,000. Deutsche Bank AG acquired a new position in shares of NNN REIT during the 2nd quarter worth about $19,961,000. Finally, SG Americas Securities LLC increased its stake in shares of NNN REIT by 798.2% during 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 purchasing an additional 238,938 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.