NNN REIT (NYSE:NNN) Reaches New 1-Year High Following Dividend Announcement

NNN REIT, Inc. (NYSE:NNN) hit a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $48.49 and last traded at $48.52, with a volume of 74232 shares traded. The stock had previously closed at $47.42.

The newly announced dividend which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.48 annualized dividend and a dividend yield of 5.0%. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s payout ratio is presently 116.50%.

Analyst Upgrades and Downgrades

NNN has been the subject of several recent analyst reports. Wells Fargo & Company increased their target price on NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Wednesday. Huntington initiated coverage on NNN REIT in a research report on Wednesday. They issued an “outperform” rating and a $51.00 price target on the stock. Citigroup increased their price objective on NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price objective on NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, NNN REIT currently has an average rating of “Hold” and a consensus target price of $46.32.

NNN REIT Stock Performance

The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a 50 day moving average price of $45.78 and a two-hundred day moving average price of $44.09. The company has a market capitalization of $9.44 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 7.58 and a beta of 0.80.

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

Institutional Investors Weigh In On NNN REIT

Large investors have recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC raised its stake in shares of NNN REIT by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 251 shares during the last quarter. Parallel Advisors LLC grew its position in NNN REIT by 11.0% during the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 567 shares during the last quarter. GAMMA Investing LLC grew its position in NNN REIT by 24.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 573 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in NNN REIT by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 658 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in NNN REIT by 1.0% during the 4th quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock valued at $2,687,000 after purchasing an additional 700 shares in 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.