NNN REIT, Inc. (NYSE:NNN) Receives Average Rating of “Hold” from Brokerages

NNN REIT, Inc. (NYSE:NNN) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $47.60.

A number of brokerages recently weighed in on NNN. National Bank Financial set a $50.00 price objective on NNN REIT in a report on Monday, July 20th. Wells Fargo & Company cut their target price on NNN REIT from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday. Barclays increased their price target on shares of NNN REIT from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Jefferies Financial Group assumed coverage on shares of NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective for the company.

NNN REIT Stock Down 1.2%

NNN opened at $44.64 on Monday. The business’s fifty day simple moving average is $46.98 and its 200 day simple moving average is $45.33. NNN REIT has a 52 week low of $38.90 and a 52 week high of $50.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The stock has a market cap of $8.57 billion, a PE ratio of 21.88, a P/E/G ratio of 7.31 and a beta of 0.79.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.The firm 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. As a group, research analysts expect that NNN REIT will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, July 31st. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio is 121.57%.

Institutional Trading of NNN REIT

Institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its stake in shares of NNN REIT by 155.8% during the second 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 during the last quarter. Clearstead Trust LLC bought a new stake in shares of NNN REIT in the 2nd quarter valued at about $27,000. Avalon Trust Co purchased a new stake in NNN REIT during the 2nd quarter valued at about $38,000. Root Financial Partners LLC boosted its holdings in NNN REIT by 3,354.1% during the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,241 shares during the period. Finally, Ascentis Independent Advisors bought a new position in NNN REIT during the 1st quarter worth approximately $76,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.