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

Shares of NNN REIT, Inc. (NYSE:NNN) have earned a consensus recommendation of “Reduce” from the seven research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $43.1667.

A number of analysts have weighed in on the stock. B. Riley restated a “neutral” rating and set a $43.00 price objective (down from $44.00) on shares of NNN REIT in a research note on Friday, November 14th. Wells Fargo & Company increased their price target on shares of NNN REIT from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. UBS Group decreased their price objective on shares of NNN REIT from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NNN REIT in a research report on Wednesday, October 8th. Finally, Barclays reduced their target price on NNN REIT from $44.00 to $43.00 and set an “underweight” rating for the company in a report on Monday, October 20th.

NNN REIT Stock Up 1.0%

Shares of NYSE:NNN opened at $42.65 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $40.52 and a two-hundred day simple moving average of $41.67. NNN REIT has a 12-month low of $35.80 and a 12-month high of $44.23. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 3.01 and a beta of 0.86.

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 for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $230.16 million during the quarter, compared to the consensus estimate of $228.45 million. NNN REIT had a return on equity of 8.95% and a net margin of 43.22%.NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. On average, research analysts anticipate that NNN REIT will post 3.33 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, January 30th. NNN REIT’s dividend payout ratio (DPR) is presently 115.38%.

Hedge Funds Weigh In On NNN REIT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its holdings in shares of NNN REIT by 4.4% during the 3rd quarter. Sound Income Strategies LLC now owns 434,193 shares of the real estate investment trust’s stock valued at $18,219,000 after acquiring an additional 18,135 shares during the last quarter. Captrust Financial Advisors lifted its position in NNN REIT by 17.3% during the third quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock valued at $5,757,000 after purchasing an additional 19,976 shares during the period. Amalgamated Bank boosted its holdings in NNN REIT by 0.4% in the third quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock worth $3,682,000 after purchasing an additional 311 shares during the last quarter. Horizon Investments LLC boosted its holdings in NNN REIT by 65.0% in the third 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. Finally, SG Americas Securities LLC grew its position in NNN REIT by 616.2% in the 3rd quarter. SG Americas Securities LLC now owns 72,410 shares of the real estate investment trust’s stock worth $3,082,000 after purchasing an additional 62,299 shares during the period. Institutional investors 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.