NNN REIT (NYSE:NNN) Reaches New 12-Month High – Still a Buy?

NNN REIT, Inc. (NYSE:NNN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $46.90 and last traded at $46.8370, with a volume of 126653 shares trading hands. The stock had previously closed at $46.37.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group increased their price target on shares of NNN REIT from $43.00 to $45.00 and gave the stock 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 note on Tuesday, March 17th. Wells Fargo & Company upped their price objective on shares of NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen lowered NNN REIT from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.65.

NNN REIT Stock Up 1.4%

The stock has a market cap of $8.94 billion, a P/E ratio of 22.82, a PEG ratio of 7.55 and a beta of 0.81. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10. The business has a 50-day simple moving average of $44.78 and a 200-day simple moving average of $43.27.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The company had revenue of $240.42 million for the quarter, compared to analyst estimates of $237.75 million. During the same quarter last year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Analysts expect that NNN REIT, Inc. will post 3.49 EPS for the current year.

NNN REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors 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 dividend on an annualized basis and a yield of 5.1%. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NNN. SG Americas Securities LLC lifted its position in NNN REIT by 798.2% during the 1st quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock worth $11,301,000 after acquiring an additional 238,938 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of NNN REIT in the first quarter worth about $2,165,000. Sound Income Strategies LLC increased its stake in shares of NNN REIT by 8.0% in the fourth quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock worth $20,000,000 after purchasing an additional 34,852 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of NNN REIT during the 4th quarter worth about $1,300,000. Finally, Horizon Investments LLC lifted its position 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 last quarter. Institutional investors and hedge funds 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.