NNN REIT (NYSE:NNN) Sets New 1-Year High – Still a Buy?

NNN REIT, Inc. (NYSE:NNN)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $48.15 and last traded at $47.4550, with a volume of 806992 shares changing hands. The stock had previously closed at $46.97.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Barclays increased their price objective on NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 21st. Jefferies Financial Group initiated coverage on NNN REIT in a report on Monday, June 1st. They set a “hold” rating and a $47.00 price objective on the stock. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Wells Fargo & Company upped their target price on NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.65.

NNN REIT Trading Down 0.8%

The stock has a market capitalization of $8.85 billion, a P/E ratio of 22.57, a P/E/G ratio of 7.22 and a beta of 0.80. The stock’s 50 day moving average price is $45.33 and its 200-day moving average price is $43.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business 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 business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, equities research analysts expect that NNN REIT, Inc. will post 3.49 earnings per share for the current year.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.40 dividend on an annualized basis and a yield of 5.2%. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.

Institutional Trading of NNN REIT

Several hedge funds have recently modified their holdings of NNN. Red Spruce Capital LLC boosted its holdings in shares of NNN REIT by 2.1% in the 2nd quarter. Red Spruce Capital LLC now owns 52,321 shares of the real estate investment trust’s stock valued at $2,434,000 after buying an additional 1,066 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NNN REIT by 24.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 573 shares in the last quarter. Versant Capital Management Inc lifted its position in NNN REIT by 7.7% during the second quarter. Versant Capital Management Inc now owns 12,958 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 923 shares during the last quarter. Parallel Advisors LLC boosted its stake in NNN REIT by 23.3% in the first quarter. Parallel Advisors LLC now owns 8,276 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 1,566 shares in the last quarter. Finally, Orographic Financial Advisors LLC acquired a new stake in NNN REIT in the first quarter valued at approximately $1,255,000. 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.