NNN REIT (NYSE:NNN) Research Coverage Started at Huntington

Huntington assumed coverage on shares of NNN REIT (NYSE:NNN) in a research report sent to investors on Wednesday morning,Zacks reports. The firm issued a strong-buy rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on NNN. B. Riley Financial restated a “neutral” rating and set a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Royal Bank Of Canada boosted their price target on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. National Bank Financial set a $50.00 price target on NNN REIT in a research report on Monday, July 20th. Wells Fargo & Company reduced their price objective on NNN REIT from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Finally, Barclays lowered their target price on shares of NNN REIT from $47.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.50.

NNN REIT Stock Down 0.6%

NNN traded down $0.26 during trading on Wednesday, hitting $41.20. The company had a trading volume of 3,159,858 shares, compared to its average volume of 2,697,968. NNN REIT has a 1-year low of $38.90 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $7.91 billion, a PE ratio of 19.62, a P/E/G ratio of 5.67 and a beta of 0.77. The business has a 50-day moving average of $41.96 and a 200-day moving average of $44.25.

NNN REIT (NYSE:NNN) last released its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $249.68 million during the quarter, compared to the consensus estimate of $245.37 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. As a group, analysts forecast that NNN REIT will post 3.52 earnings per share for the current year.

NNN REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 6.0%. NNN REIT’s dividend payout ratio (DPR) is 118.10%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in NNN REIT in the second quarter valued at $1,242,752,000. Bank of America Corp DE acquired a new position in shares of NNN REIT during the second quarter valued at $87,737,000. Bank of New York Mellon Corp bought a new position in shares of NNN REIT during the second quarter worth about $85,430,000. Equity Investment Corp bought a new position in shares of NNN REIT during the second quarter worth about $77,566,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of NNN REIT during the second quarter worth about $66,584,000. 89.96% of the stock is currently owned by institutional investors.

NNN REIT News Summary

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: NNN beat Q3 expectations, reporting $0.57 per share versus a $0.52 consensus and revenue of $249.68 million versus $245.37 million expected. Occupancy was 99.2%, and the company maintained its guidance—supportive signs for operating performance. NNN REIT Q3 2026: Earnings Beat, 99.2% Occupancy, and Guidance Held
• Positive Sentiment: Huntington initiated coverage with a “strong buy” rating. NNN was also included in a roundup of REITs with generous dividends following favorable Q3 results, which may appeal to income-focused investors. 5 REIT Stocks With Generous Dividends to Consider After Q3 Earnings
• Neutral Sentiment: RBC raised its price target from $42 to $43 and kept a “sector perform” rating, signaling modestly improved valuation expectations but a neutral outlook. RBC analyst recommendations
• Negative Sentiment: Citigroup lowered its target from $46 to $44 and maintained a “neutral” rating. The reduced target could limit near-term optimism, despite implying potential upside from the then-current share price. Citigroup analyst recommendations

NNN REIT Company Profile

NNN REIT, Inc is a real estate investment trust that owns and manages a diversified portfolio of freestanding retail properties. The company primarily invests in properties that are leased to retail businesses under long-term, triple-net agreements, under which tenants generally pay property taxes, insurance and maintenance costs in addition to rent.

The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.