NNN REIT (NYSE:NNN) Sets New 1-Year High – Time to Buy?

NNN REIT, Inc. (NYSE:NNN) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.15 and last traded at $47.4550, with a volume of 806992 shares traded. The stock had previously closed at $46.97.

Analysts Set New Price Targets

Several research analysts recently issued reports on NNN shares. Royal Bank Of Canada raised their target price on NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Morgan Stanley increased their target price on shares of NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Raymond James Financial restated a “market perform” rating on shares of NNN REIT in a report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.65.

NNN REIT Price Performance

The firm has a market cap of $9.03 billion, a P/E ratio of 23.04, a P/E/G ratio of 7.24 and a beta of 0.80. The company has a fifty day moving average of $45.22 and a 200-day moving average of $43.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 0.63.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the firm earned $0.87 earnings per share. NNN REIT’s revenue 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, sell-side analysts anticipate that NNN REIT, Inc. will post 3.49 EPS for the current fiscal year.

NNN REIT Announces Dividend

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

Hedge Funds Weigh In On NNN REIT

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors increased its position in shares of NNN REIT by 3.5% during the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock valued at $4,977,000 after acquiring an additional 3,897 shares during the last quarter. Ameriflex Group Inc. boosted its position in NNN REIT by 1,266.1% in the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 2,165 shares during the last quarter. Parallel Advisors LLC boosted its position in NNN REIT by 11.0% in the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 567 shares during the last quarter. Horizon Investments LLC grew its stake in NNN REIT by 65.0% in the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after purchasing an additional 30,333 shares during the period. Finally, Red Spruce Capital LLC grew its stake in NNN REIT by 3.0% in the 4th quarter. Red Spruce Capital LLC now owns 49,501 shares of the real estate investment trust’s stock valued at $1,962,000 after purchasing an additional 1,452 shares during the period. Hedge funds and other institutional investors 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.