NNN REIT (NYSE:NNN) Issues FY 2026 Earnings Guidance

NNN REIT (NYSE:NNN) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.500-3.540 for the period, compared to the consensus earnings per share estimate of 3.490. The company issued revenue guidance of -.

NNN REIT Price Performance

Shares of NNN REIT stock traded down $0.17 during midday trading on Friday, hitting $46.83. 416,971 shares of the company traded hands, compared to its average volume of 1,625,139. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 7.30 and a beta of 0.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 1.15. The firm’s fifty day moving average price is $46.82 and its 200-day moving average price is $44.87. NNN REIT has a 12 month low of $38.90 and a 12 month high of $50.00.

NNN REIT (NYSE:NNN) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The firm had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, sell-side analysts forecast that NNN REIT will post 3.49 earnings per share for the current year.

NNN REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 5.3%. NNN REIT’s dividend payout ratio is currently 120.39%.

Analysts Set New Price Targets

NNN has been the subject of several recent research reports. Barclays boosted their target price on shares of NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Jefferies Financial Group initiated coverage on NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 target price on the stock. Huntington began coverage on NNN REIT in a research note on Wednesday, July 15th. They set an “outperform” rating and a $51.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Finally, National Bank Financial set a $50.00 price objective on shares of NNN REIT in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, NNN REIT presently has a consensus rating of “Hold” and an average price target of $47.30.

Institutional Trading of NNN REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Parallel Advisors LLC raised its holdings in NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 567 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of NNN REIT in the 4th quarter worth approximately $1,300,000. Horizon Investments LLC boosted its stake in shares of 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 purchasing an additional 30,333 shares during the period. Finally, Captrust Financial Advisors lifted its stake in NNN REIT by 3.5% in the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after purchasing an additional 3,897 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.