NNN REIT, Inc. (NYSE:NNN) Receives $45.46 Average PT from Analysts

NNN REIT, Inc. (NYSE:NNN) has earned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $45.4583.

A number of research analysts recently commented on NNN shares. Barclays raised their price target on NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Morgan Stanley raised their price target on NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of NNN REIT in a research report on Friday, May 15th. Citigroup raised their price target on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial restated a “market perform” rating on shares of NNN REIT in a research report on Tuesday, March 17th.

NNN REIT Stock Down 0.0%

Shares of NYSE NNN opened at $44.83 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. NNN REIT has a 52 week low of $38.90 and a 52 week high of $46.03. The stock has a market capitalization of $8.53 billion, a P/E ratio of 21.76, a PEG ratio of 7.29 and a beta of 0.82. The stock’s fifty day moving average is $43.84 and its 200 day moving average is $42.65.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $237.76 million. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Sell-side analysts forecast that NNN REIT will post 3.49 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.40 annualized dividend and a yield of 5.4%. NNN REIT’s dividend payout ratio (DPR) is 116.50%.

Insider Activity

In related news, EVP Jonathan Adamo sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.99, for a total value of $269,940.00. Following the sale, the executive vice president directly owned 126,358 shares of the company’s stock, valued at $5,684,846.42. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $44.98, for a total value of $1,492,976.16. Following the completion of the sale, the chief executive officer directly owned 822,711 shares in the company, valued at $37,005,540.78. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

Institutional Trading of NNN REIT

Several large investors have recently bought and sold shares of the business. Orographic Financial Advisors LLC acquired a new stake in NNN REIT in the first quarter valued at about $1,255,000. Arkadios Wealth Advisors acquired a new stake in NNN REIT in the first quarter valued at about $245,000. EverSource Wealth Advisors LLC boosted its stake in NNN REIT by 11.2% in the first quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 658 shares in the last quarter. Parallel Advisors LLC boosted its stake in NNN REIT by 23.3% in the first quarter. Parallel Advisors LLC now owns 8,276 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 1,566 shares in the last quarter. Finally, DGS Capital Management LLC boosted its stake 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 in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

About NNN REIT

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.