NNN REIT (NYSE:NNN) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

NNN REIT, Inc. (NYSE:NNN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.81 and traded as high as $45.17. NNN REIT shares last traded at $45.0240, with a volume of 1,544,332 shares traded.

Wall Street Analysts Forecast Growth

NNN has been the subject of several analyst reports. UBS Group boosted their price objective on NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. BNP Paribas Exane lifted their target price on NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a research note on Thursday, February 12th. Citigroup upped their price objective on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Stifel Nicolaus set a $48.50 price objective on shares of NNN REIT in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.65.

NNN REIT Stock Up 0.1%

The firm’s fifty day moving average price is $44.04 and its 200-day moving average price is $42.81. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $8.57 billion, a P/E ratio of 21.86, a PEG ratio of 7.31 and a beta of 0.81.

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

NNN REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Thursday, April 30th. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.

Institutional Investors Weigh In On NNN REIT

Hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of NNN REIT by 8.0% in the 4th quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock valued at $20,000,000 after acquiring an additional 34,852 shares in the last quarter. Handelsbanken Fonder AB lifted its position in NNN REIT by 25.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 67,100 shares of the real estate investment trust’s stock worth $2,856,000 after buying an additional 13,800 shares in the last quarter. Allstate Corp lifted its position in NNN REIT by 25.4% in the 4th quarter. Allstate Corp now owns 7,756 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 1,569 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in NNN REIT in the 4th quarter worth approximately $239,000. Finally, Farther Finance Advisors LLC lifted its position in NNN REIT by 68.2% in the 4th quarter. Farther Finance Advisors LLC now owns 13,791 shares of the real estate investment trust’s stock worth $547,000 after buying an additional 5,591 shares in the last quarter. Hedge funds and other 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.