NNN REIT (NYSE:NNN) Raised to “Hold” at Wall Street Zen

NNN REIT (NYSE:NNN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of NNN REIT from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Weiss Ratings upgraded shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. UBS Group increased their target price on shares of NNN REIT from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Jefferies Financial Group initiated coverage on shares of NNN REIT in a report on Monday, June 1st. They set a “hold” rating and a $47.00 target price for the company. Finally, Barclays lifted their price target on shares of NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, NNN REIT has an average rating of “Hold” and a consensus target price of $45.65.

NNN REIT Trading Up 2.2%

Shares of NNN REIT stock opened at $47.40 on Friday. The business has a fifty day simple moving average of $44.84 and a 200-day simple moving average of $43.29. NNN REIT has a fifty-two week low of $38.90 and a fifty-two week high of $47.47. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 7.71 and a beta of 0.81. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $240.42 million for the quarter, compared to analyst estimates of $237.75 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.NNN REIT’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. On average, equities analysts forecast that NNN REIT will post 3.49 EPS for the current fiscal year.

Institutional Trading of NNN REIT

Several institutional investors and hedge funds have recently bought and sold shares of NNN. Captrust Financial Advisors lifted its stake in NNN REIT by 3.5% during the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock valued at $4,977,000 after buying an additional 3,897 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NNN REIT by 24.2% in the third quarter. EverSource Wealth Advisors LLC now owns 6,882 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 1,342 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of NNN REIT by 25.9% in the third quarter. Handelsbanken Fonder AB now owns 67,100 shares of the real estate investment trust’s stock worth $2,856,000 after acquiring an additional 13,800 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of NNN REIT by 1,266.1% in the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 2,165 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 567 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.