Wells Fargo & Company Forecasts Strong Price Appreciation for NNN REIT (NYSE:NNN) Stock

NNN REIT (NYSE:NNN) had its target price boosted by stock analysts at Wells Fargo & Company from $44.00 to $45.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 2.74% from the company’s current price.

Several other research analysts have also commented on NNN. Weiss Ratings raised NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. BNP Paribas Exane raised their price objective on NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a research report on Thursday, February 12th. Barclays raised their price objective on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Robert W. Baird set a $46.00 price objective on NNN REIT in a research report on Thursday, February 12th. Finally, Stifel Nicolaus set a $48.50 price objective on NNN REIT in a research report on Wednesday, February 11th. Three 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.65.

NNN REIT Trading Down 1.6%

Shares of NNN traded down $0.71 during trading hours on Monday, hitting $43.80. The stock had a trading volume of 374,979 shares, compared to its average volume of 1,592,561. 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 cap of $8.33 billion, a P/E ratio of 21.28, a P/E/G ratio of 7.23 and a beta of 0.81. The company’s fifty day simple moving average is $43.84 and its 200 day simple moving average is $42.68. NNN REIT has a 12-month low of $38.90 and a 12-month high of $46.03.

NNN REIT (NYSE:NNN) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $240.42 million during 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Equities research analysts forecast that NNN REIT will post 3.49 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jonathan Adamo sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.99, for a total transaction of $269,940.00. Following the completion of the sale, the executive vice president directly owned 126,358 shares in the company, valued at $5,684,846.42. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of the firm’s stock in a transaction dated 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 owned 822,711 shares of the company’s stock, valued at $37,005,540.78. This represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On NNN REIT

A number of hedge funds have recently bought and sold shares of NNN. Captrust Financial Advisors grew its stake in NNN REIT by 3.5% in the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after purchasing an additional 3,897 shares in the last quarter. Transcend Capital Advisors LLC acquired a new position in NNN REIT in the third quarter worth about $221,000. Strengthening Families & Communities LLC grew its stake in NNN REIT by 279.4% in the third quarter. Strengthening Families & Communities LLC now owns 7,285 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 5,365 shares in the last quarter. Rothschild Investment LLC grew its stake in NNN REIT by 1,066.9% in the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 3,905 shares in the last quarter. Finally, Syon Capital LLC grew its stake in NNN REIT by 113.1% in the third quarter. Syon Capital LLC now owns 18,598 shares of the real estate investment trust’s stock worth $792,000 after purchasing an additional 9,871 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.