NNN REIT, Inc. (NYSE:NNN) Receives Average Recommendation of “Hold” from Analysts

NNN REIT, Inc. (NYSE:NNN) has been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.7778.

A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of NNN REIT in a research report on Wednesday, October 8th. B. Riley reiterated a “neutral” rating and set a $43.00 price target (down previously from $44.00) on shares of NNN REIT in a research note on Friday, November 14th. Barclays decreased their price objective on NNN REIT from $44.00 to $43.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Evercore ISI dropped their price objective on shares of NNN REIT from $44.00 to $43.00 and set an “in-line” rating on the stock in a report on Monday, December 15th. Finally, Wells Fargo & Company increased their target price on shares of NNN REIT from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th.

Institutional Investors Weigh In On NNN REIT

Institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group grew its position in shares of NNN REIT by 140.8% in the first quarter. Brooklyn Investment Group now owns 802 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 469 shares in the last quarter. Allstate Corp lifted its holdings in NNN REIT by 159.5% during the 1st quarter. Allstate Corp now owns 25,510 shares of the real estate investment trust’s stock worth $1,088,000 after purchasing an additional 15,678 shares in the last quarter. Bayforest Capital Ltd boosted its stake in NNN REIT by 789.5% in the 1st quarter. Bayforest Capital Ltd now owns 5,159 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 4,579 shares during the period. Red Spruce Capital LLC boosted its stake in NNN REIT by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 48,252 shares of the real estate investment trust’s stock worth $2,084,000 after purchasing an additional 345 shares during the period. Finally, Adams Asset Advisors LLC grew its holdings in NNN REIT by 119.0% during the 2nd quarter. Adams Asset Advisors LLC now owns 40,766 shares of the real estate investment trust’s stock valued at $1,760,000 after buying an additional 22,155 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Stock Down 0.7%

NNN opened at $39.50 on Tuesday. NNN REIT has a twelve month low of $35.80 and a twelve month high of $44.23. The company’s 50-day moving average price is $40.93 and its two-hundred day moving average price is $41.95. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.77 and a beta of 0.87. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The company had revenue of $230.16 million during the quarter, compared to analyst estimates of $228.45 million. NNN REIT had a net margin of 43.22% and a return on equity of 8.95%. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. As a group, equities analysts expect that NNN REIT will post 3.33 earnings per share for the current year.

NNN REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.40 annualized dividend and a yield of 6.1%. NNN REIT’s dividend payout ratio (DPR) is 115.38%.

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.