NNN REIT, Inc. (NYSE:NNN) Given Consensus Recommendation of “Hold” by Brokerages

NNN REIT, Inc. (NYSE:NNN) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $45.6538.

A number of brokerages recently issued reports on NNN. Royal Bank Of Canada upped their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. UBS Group upped their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Citigroup upped their price objective on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of NNN REIT from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Wells Fargo & Company upped their price objective on shares of NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st.

NNN REIT Trading Up 0.3%

NNN REIT stock opened at $45.12 on Tuesday. The company’s fifty day simple moving average is $44.64 and its 200-day simple moving average is $43.15. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10. NNN REIT has a 12 month low of $38.90 and a 12 month high of $46.90. The stock has a market cap of $8.58 billion, a P/E ratio of 21.90, a P/E/G ratio of 7.31 and a beta of 0.81.

NNN REIT (NYSE:NNN) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The company had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $237.76 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, sell-side analysts forecast that NNN REIT will post 3.49 EPS for the current fiscal year.

NNN REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.60 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.40 dividend on an annualized basis and a yield of 5.3%. NNN REIT’s dividend payout ratio is currently 116.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC lifted its position in 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 acquiring an additional 7,344 shares during the last quarter. SG Americas Securities LLC lifted its position in NNN REIT by 798.2% during the 1st quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock worth $11,301,000 after acquiring an additional 238,938 shares during the last quarter. Captrust Financial Advisors lifted its position in NNN REIT by 17.3% during the 3rd quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock worth $5,757,000 after acquiring an additional 19,976 shares during the last quarter. Horizon Investments LLC lifted its position in NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after acquiring an additional 30,333 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in NNN REIT by 1.0% during the 4th quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds 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.