NNN REIT (NYSE:NNN) Sets New 1-Year High – Still a Buy?

NNN REIT, Inc. (NYSE:NNN)’s share price reached a new 52-week high on Thursday . The company traded as high as $47.57 and last traded at $47.5310, with a volume of 157981 shares trading hands. The stock had previously closed at $46.57.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NNN. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday. Raymond James Financial reissued a “market perform” rating on shares of NNN REIT in a research report on Tuesday, March 17th. Citigroup boosted their target price on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley upped their price target on NNN REIT from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Finally, Barclays increased their price target on shares of NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.65.

NNN REIT Trading Up 2.0%

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 has a market capitalization of $9.04 billion, a PE ratio of 23.06, a PEG ratio of 7.17 and a beta of 0.80. The business’s 50-day moving average is $44.95 and its two-hundred day moving average is $43.47.

NNN REIT (NYSE:NNN) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The firm had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $237.75 million. During the same period in the previous year, the business posted $0.87 EPS. The business’s revenue for the quarter 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. On average, analysts anticipate that NNN REIT, Inc. will post 3.49 earnings per share for the current fiscal year.

NNN REIT Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NNN. Root Financial Partners LLC lifted its stake in NNN REIT by 3,354.1% in the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,241 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of NNN REIT during the first quarter worth approximately $76,000. Ameriflex Group Inc. grew its position in shares of NNN REIT by 1,266.1% during the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 2,165 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of NNN REIT in the 4th quarter valued at $187,000. Finally, Parallel Advisors LLC raised its position in NNN REIT by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 567 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.