NNN REIT (NYSE:NNN) Rating Lowered to Sell at Wall Street Zen

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

Other research analysts have also issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of NNN REIT in a research note on Monday, June 1st. They set a “hold” rating and a $47.00 price objective on the stock. Royal Bank Of Canada upped their target price on shares of NNN REIT from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on shares of NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. UBS Group lifted their price target on shares of NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Finally, Citigroup lifted their price target on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NNN REIT has a consensus rating of “Hold” and an average price target of $45.65.

NNN REIT Trading Down 0.1%

NYSE:NNN opened at $44.98 on Friday. NNN REIT has a 1-year low of $38.90 and a 1-year high of $46.90. The business’s 50-day moving average price is $44.62 and its two-hundred day moving average price is $43.10. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 7.31 and a beta of 0.81.

NNN REIT (NYSE:NNN) last posted its earnings results 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 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. On average, equities analysts expect that NNN REIT will post 3.49 earnings per share for the current year.

Institutional Investors Weigh In On NNN REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its position in NNN REIT by 3.5% during the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after buying an additional 3,897 shares in the last quarter. Syon Capital LLC grew its holdings in shares of NNN REIT by 113.1% in the 3rd quarter. Syon Capital LLC now owns 18,598 shares of the real estate investment trust’s stock valued at $792,000 after acquiring an additional 9,871 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 valued at $293,000 after acquiring an additional 1,342 shares during 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 valued at $2,856,000 after acquiring an additional 13,800 shares during the last quarter. Finally, Ameriflex Group Inc. raised its holdings in NNN REIT by 1,266.1% during 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. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.