NNN REIT (NYSE:NNN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

NNN REIT, Inc. (NYSE:NNN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.66 and traded as high as $44.94. NNN REIT shares last traded at $44.5330, with a volume of 2,082,858 shares changing hands.

Wall Street Analysts Forecast Growth

NNN has been the topic of several recent research reports. BNP Paribas Exane increased their price objective on NNN REIT from $43.00 to $44.00 and gave the stock a “strong sell” rating in a research report on Thursday, February 12th. UBS Group upped their price target on shares of NNN REIT from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Raymond James Financial reaffirmed a “market perform” rating on shares of NNN REIT in a research report on Tuesday, March 17th. Barclays boosted their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NNN REIT in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NNN REIT currently has a consensus rating of “Hold” and a consensus target price of $45.46.

NNN REIT Price Performance

The business’s 50 day moving average is $43.84 and its two-hundred day moving average is $42.66. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $8.47 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 7.29 and a beta of 0.82.

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

NNN REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, April 30th. NNN REIT’s payout ratio is presently 116.50%.

Insider Activity at NNN REIT

In related news, EVP Jonathan Adamo sold 6,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $44.99, for a total value of $269,940.00. Following the sale, the executive vice president owned 126,358 shares in the company, valued at approximately $5,684,846.42. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of NNN REIT stock in a transaction on Monday, March 9th. The shares were sold at an average price of $44.98, for a total value of $1,492,976.16. Following the sale, the chief executive officer directly owned 822,711 shares of the company’s stock, valued at $37,005,540.78. This represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of NNN REIT

Large investors have recently modified their holdings of the business. Fifth Third Wealth Advisors LLC grew its holdings in shares of NNN REIT by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 251 shares during the period. Parallel Advisors LLC lifted its holdings 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 valued at $243,000 after acquiring an additional 567 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in NNN REIT by 11.2% in the first quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 658 shares during the period. Handelsbanken Fonder AB boosted its position in NNN REIT by 1.0% in the fourth quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after purchasing an additional 700 shares during the last quarter. Finally, Root Financial Partners LLC boosted its position in NNN REIT by 3,354.1% in the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,241 shares during the last quarter. 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.