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

Shares of NNN REIT, Inc. (NYSE:NNN) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $45.6538.

A number of research firms have commented on NNN. Citigroup boosted their price target on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays raised their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Morgan Stanley upped their target price on shares of NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Raymond James Financial reissued a “market perform” rating on shares of NNN REIT in a research note on Tuesday, March 17th. Finally, Wells Fargo & Company raised their price target on NNN REIT from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st.

Hedge Funds Weigh In On NNN REIT

Large investors have recently modified their holdings of the company. Sound Income Strategies LLC boosted its stake in NNN REIT by 1.6% in the first quarter. Sound Income Strategies LLC now owns 476,389 shares of the real estate investment trust’s stock worth $20,223,000 after buying an additional 7,344 shares in the last quarter. SG Americas Securities LLC grew its position in NNN REIT by 798.2% during the first quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock valued at $11,301,000 after acquiring an additional 238,938 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of NNN REIT by 17.3% during the third 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 in the last quarter. Horizon Investments LLC raised its stake in shares of NNN REIT by 65.0% during the third 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 in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of NNN REIT by 1.0% in 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. 89.96% of the stock is owned by hedge funds and other institutional investors.

NNN REIT Price Performance

Shares of NNN traded up $0.24 during trading hours on Friday, reaching $46.75. 1,021,285 shares of the company’s stock traded hands, compared to its average volume of 1,645,507. The stock has a market cap of $8.89 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 7.20 and a beta of 0.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. The firm’s 50 day simple moving average is $45.40 and its 200-day simple moving average is $43.78. NNN REIT has a 12 month low of $38.90 and a 12 month high of $48.15.

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 for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $237.75 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Equities analysts expect that NNN REIT will post 3.49 EPS for the current year.

NNN REIT Announces Dividend

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

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.