NNN REIT, Inc. (NYSE:NNN) Receives $47.60 Consensus Price Target from Analysts

Shares of NNN REIT, Inc. (NYSE:NNN) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $47.4667.

NNN has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. B. Riley Financial reiterated a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on shares of NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Finally, Huntington began coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $51.00 target price on the stock.

NNN REIT Stock Down 0.4%

NNN opened at $45.08 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day simple moving average of $47.05 and a 200-day simple moving average of $45.33. The stock has a market capitalization of $8.65 billion, a P/E ratio of 22.10, a P/E/G ratio of 7.32 and a beta of 0.79. NNN REIT has a 12 month low of $38.90 and a 12 month high of $50.00.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data 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. The firm had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities analysts anticipate that NNN REIT will post 3.5 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.62 per share. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.48 annualized dividend and a dividend yield of 5.5%. NNN REIT’s dividend payout ratio is presently 121.57%.

Hedge Funds Weigh In On NNN REIT

Several hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP raised its holdings in NNN REIT by 35.7% during the second quarter. Corient Private Wealth LP now owns 434,654 shares of the real estate investment trust’s stock worth $20,224,000 after purchasing an additional 114,265 shares during the last quarter. Amundi increased its position in shares of NNN REIT by 106.7% in the second quarter. Amundi now owns 227,185 shares of the real estate investment trust’s stock valued at $10,571,000 after buying an additional 117,285 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of NNN REIT during the 2nd quarter worth $2,357,000. California State Teachers Retirement System boosted its position in shares of NNN REIT by 4,457.0% in the 2nd quarter. California State Teachers Retirement System now owns 10,288,760 shares of the real estate investment trust’s stock worth $478,736,000 after buying an additional 10,062,979 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of NNN REIT in the 2nd quarter worth about $204,000. 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.