NNN REIT (NYSE:NNN) Stock Rating Lowered by Morgan Stanley

NNN REIT (NYSE:NNN) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $50.00 target price on the real estate investment trust’s stock. Morgan Stanley’s price objective indicates a potential upside of 2.00% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company raised their target price on shares of NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Huntington initiated coverage on NNN REIT in a report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target for the company. Jefferies Financial Group initiated coverage on NNN REIT in a research report on Monday, June 1st. They set a “hold” rating and a $47.00 price objective on the stock. Finally, Citigroup boosted their price objective on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.57.

NNN REIT Price Performance

Shares of NYSE NNN opened at $49.02 on Monday. The firm has a 50-day simple moving average of $45.96 and a 200-day simple moving average of $44.25. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 7.54 and a beta of 0.80. NNN REIT has a 52 week low of $38.90 and a 52 week high of $50.00.

NNN REIT (NYSE:NNN) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The business had revenue of $240.42 million for the quarter, compared to analyst estimates of $237.75 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The business’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. On average, equities analysts predict that NNN REIT will post 3.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NNN REIT

Several large investors have recently modified their holdings of the business. Red Spruce Capital LLC increased its position in shares of NNN REIT by 2.1% during the 2nd quarter. Red Spruce Capital LLC now owns 52,321 shares of the real estate investment trust’s stock worth $2,434,000 after purchasing an additional 1,066 shares during the last quarter. GAMMA Investing LLC boosted its stake in NNN REIT by 24.4% during the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 573 shares during the period. Versant Capital Management Inc increased its position in shares of NNN REIT by 7.7% during the second quarter. Versant Capital Management Inc now owns 12,958 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 923 shares during the last quarter. Parallel Advisors LLC increased its position in shares of NNN REIT by 23.3% during the first quarter. Parallel Advisors LLC now owns 8,276 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 1,566 shares during the last quarter. Finally, Orographic Financial Advisors LLC purchased a new stake in shares of NNN REIT in the 1st quarter valued at approximately $1,255,000. Institutional investors and hedge funds 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.