NNN REIT (NYSE:NNN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of NNN REIT, Inc. (NYSE:NNN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.60 and traded as high as $42.51. NNN REIT shares last traded at $42.1950, with a volume of 2,421,079 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NNN shares. Barclays lowered their target price on NNN REIT from $44.00 to $43.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. B. Riley reiterated a “neutral” rating and issued a $43.00 price target (down previously from $44.00) on shares of NNN REIT in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft raised NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NNN REIT in a research note on Thursday. Finally, UBS Group reduced their price objective on NNN REIT from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.71.

NNN REIT Trading Down 0.2%

The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a 50-day moving average of $40.69 and a two-hundred day moving average of $41.60. The company has a market cap of $8.01 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 3.02 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, equities research analysts predict that NNN REIT, Inc. will post 3.33 earnings per share for the current year.

NNN REIT Announces Dividend

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 given a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.40 annualized dividend and a yield of 5.7%. NNN REIT’s dividend payout ratio is 115.38%.

Institutional Trading of NNN REIT

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC lifted its holdings in shares of NNN REIT by 8.0% during the fourth quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock valued at $20,000,000 after purchasing an additional 34,852 shares in the last quarter. Captrust Financial Advisors increased its holdings in NNN REIT by 17.3% in the 3rd quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock worth $5,757,000 after buying an additional 19,976 shares in the last quarter. Amalgamated Bank lifted its stake in NNN REIT by 0.4% during the 3rd quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock valued at $3,682,000 after acquiring an additional 311 shares during the period. Horizon Investments LLC boosted its holdings in shares of NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after acquiring an additional 30,333 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in NNN REIT by 616.2% in the third 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 last quarter. 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.