NNN REIT (NYSE:NNN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

NNN REIT (NYSE:NNN) had its price target hoisted by Royal Bank Of Canada from $44.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 0.12% from the company’s previous close.

Several other research analysts have also issued reports on NNN. Morgan Stanley lowered NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a research report on Monday, July 20th. Jefferies Financial Group began coverage on NNN REIT in a research note on Monday, June 1st. They set a “hold” rating and a $47.00 price target for the company. Citigroup boosted their price objective on NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Robert W. Baird set a $49.00 target price on NNN REIT in a research note on Thursday. Finally, Weiss Ratings upgraded NNN REIT from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.30.

NNN REIT Trading Down 0.9%

Shares of NNN traded down $0.41 during midday trading on Thursday, hitting $46.95. The stock had a trading volume of 442,012 shares, compared to its average volume of 1,628,293. The stock’s 50 day moving average is $46.78 and its 200 day moving average is $44.84. The firm has a market cap of $8.93 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 7.27 and a beta of 0.79. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 0.63. NNN REIT has a 1 year low of $38.90 and a 1 year high of $50.00.

NNN REIT (NYSE:NNN) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $244.27 million during the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, analysts forecast that NNN REIT will post 3.49 EPS for the current fiscal year.

Institutional Trading of NNN REIT

A number of hedge funds have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC increased its holdings in NNN REIT by 4.4% in the 1st 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 in the last quarter. Parallel Advisors LLC lifted 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 purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC lifted its holdings in NNN REIT by 24.4% during the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 573 shares in the last quarter. Clearstead Trust LLC acquired a new stake in shares of NNN REIT in the second quarter valued at about $27,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 658 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Key NNN REIT News

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: NNN REIT reported second-quarter 2026 EPS of $0.52, topping the $0.51 consensus estimate, while revenue of $244.27 million exceeded expectations of $240.19 million. Funds from operations (FFO) reached $0.90 per share, up from $0.85 a year earlier and above the $0.89 estimate. NNN REIT Announces Second Quarter 2026 Results
• Positive Sentiment: The company raised or reaffirmed its 2026 outlook, targeting EPS of $3.50 to $3.54 versus the $3.49 analyst consensus. Management also increased the midpoint of its 2026 acquisition target to approximately $750 million and forecast AFFO of $3.55 to $3.59 per share, signaling continued investment and steady growth. NNN REIT Boosts Year Guidance After Q2 Earnings Beat
• Neutral Sentiment: Management’s earnings call emphasized stable operating performance and a constructive growth outlook, but the updates largely reinforce the company’s existing strategy rather than represent a major change in its business profile. National Retail Properties Signals Steady Growth Ahead
• Negative Sentiment: Analysts’ consensus recommendation remains “Hold,” indicating that Wall Street sees limited near-term upside despite the earnings beat and guidance update. This neutral rating may be contributing to muted investor reaction. NNN REIT Receives Consensus Hold Recommendation

About NNN REIT

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.