NNN REIT (NYSE:NNN) Reaches New 1-Year High – Here’s What Happened

NNN REIT, Inc. (NYSE:NNN)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $46.90 and last traded at $46.8370, with a volume of 126653 shares trading hands. The stock had previously closed at $46.37.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NNN. Wall Street Zen cut shares of NNN REIT from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Jefferies Financial Group started coverage on NNN REIT in a research report on Monday, June 1st. They issued a “hold” rating and a $47.00 target price for the company. Barclays lifted their price target on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. Wells Fargo & Company upped their price target on NNN REIT from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Citigroup increased their price objective on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, NNN REIT currently has an average rating of “Hold” and an average target price of $45.65.

NNN REIT Price Performance

The stock has a market capitalization of $8.94 billion, a PE ratio of 22.82, a P/E/G ratio of 7.55 and a beta of 0.81. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10. The stock’s 50-day moving average is $44.78 and its 200 day moving average is $43.27.

NNN REIT (NYSE:NNN) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (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 analysts’ expectations of $237.75 million. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s quarterly 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, equities analysts predict that NNN REIT, Inc. will post 3.49 earnings per share for the current year.

NNN REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.40 dividend on an annualized basis and a yield of 5.1%. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NNN. Sound Income Strategies LLC raised its stake in shares of NNN REIT by 1.6% during the 1st quarter. Sound Income Strategies LLC now owns 476,389 shares of the real estate investment trust’s stock worth $20,223,000 after purchasing an additional 7,344 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of 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 valued at $11,301,000 after buying an additional 238,938 shares in the last quarter. Captrust Financial Advisors increased its holdings in NNN REIT by 17.3% in the third quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock worth $5,757,000 after buying an additional 19,976 shares during the last quarter. Horizon Investments LLC increased its holdings in NNN REIT by 65.0% in the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after buying an additional 30,333 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in NNN REIT by 1.0% in the fourth quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.