NNN REIT (NYSE:NNN) Given New $44.00 Price Target at Citigroup

NNN REIT (NYSE:NNN) had its price target decreased by Citigroup from $46.00 to $44.00 in a report published on Friday,Benzinga reports. Citigroup currently has a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on NNN. Weiss Ratings cut NNN REIT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. National Bank Financial set a $50.00 price target on shares of NNN REIT in a research note on Monday, July 20th. Huntington assumed coverage on shares of NNN REIT in a report on Wednesday. They issued a “strong-buy” rating for the company. Wells Fargo & Company reduced their price objective on shares of NNN REIT from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Finally, Royal Bank Of Canada boosted their target price on shares of NNN REIT from $42.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.50.

NNN REIT Stock Performance

Shares of NYSE:NNN traded down $0.26 during mid-day trading on Friday, reaching $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 one year low of $38.90 and a one year high of $50.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $41.96 and its 200-day moving average price is $44.25. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 5.67 and a beta of 0.77.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. The business had revenue of $249.68 million during the quarter, compared to analyst estimates of $245.37 million. As a group, equities research analysts anticipate that NNN REIT will post 3.52 EPS for the current fiscal year.

NNN REIT Dividend Announcement

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

Hedge Funds Weigh In On NNN REIT

Several hedge funds have recently bought and sold shares of NNN. Peak Financial Advisors LLC increased its holdings in NNN REIT by 2.2% during the 3rd quarter. Peak Financial Advisors LLC now owns 11,948 shares of the real estate investment trust’s stock worth $491,000 after acquiring an additional 254 shares during the period. Interchange Capital Partners LLC grew its position in shares of NNN REIT by 4.5% during the 3rd quarter. Interchange Capital Partners LLC now owns 6,153 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 263 shares in the last quarter. Covestor Ltd grew its position in shares of NNN REIT by 64.3% during the 3rd quarter. Covestor Ltd now owns 800 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 313 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of NNN REIT by 155.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 335 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of NNN REIT by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 52,497 shares of the real estate investment trust’s stock valued at $2,443,000 after acquiring an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Trending Headlines about NNN REIT

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

About NNN REIT

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.