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

NNN REIT, Inc. (NYSE:NNN) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $45.6538.

A number of research analysts have recently commented on the company. UBS Group increased their price objective on NNN REIT from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Weiss Ratings upgraded NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Morgan Stanley increased their price objective on NNN REIT from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Barclays increased their price objective on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. Finally, Jefferies Financial Group assumed coverage on NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective on the stock.

NNN REIT Price Performance

Shares of NYSE NNN opened at $45.91 on Tuesday. The stock’s 50-day moving average is $44.43 and its two-hundred day moving average is $43.00. 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 $46.90. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 7.57 and a beta of 0.81.

NNN REIT (NYSE:NNN) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The business had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $237.76 million. During the same quarter in the previous year, the company posted $0.87 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Analysts forecast that NNN REIT will post 3.49 EPS for the current fiscal year.

NNN REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a $0.60 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.2%. NNN REIT’s dividend payout ratio is presently 116.50%.

Institutional Trading of NNN REIT

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC boosted its position in shares of NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,241 shares during the period. Ascentis Independent Advisors acquired a new stake in shares of NNN REIT in the 1st quarter valued at about $76,000. Ameriflex Group Inc. boosted its position in shares of NNN REIT by 1,266.1% in the 3rd quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 2,165 shares during the period. Rothschild Investment LLC boosted its position in shares of NNN REIT by 1,066.9% in the 3rd quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 3,905 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of NNN REIT in the 4th quarter valued at about $187,000. 89.96% of the stock is 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.