NNN REIT (NYSE:NNN) Coverage Initiated by Analysts at Huntington

Huntington started coverage on shares of NNN REIT (NYSE:NNN) in a report issued on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $51.00 price target on the real estate investment trust’s stock.

Several other brokerages have also weighed in on NNN. Weiss Ratings upgraded shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Citigroup increased 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. Royal Bank Of Canada raised their price target on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Raymond James Financial reaffirmed a “market perform” rating on shares of NNN REIT in a report on Tuesday, March 17th. Finally, Barclays upped their price objective on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Four 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. According to data from MarketBeat, NNN REIT has an average rating of “Hold” and a consensus target price of $46.32.

NNN REIT Stock Performance

NNN opened at $47.41 on Wednesday. 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 company has a market cap of $9.02 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 7.30 and a beta of 0.80. The stock has a 50-day moving average of $45.58 and a 200-day moving average of $43.98. NNN REIT has a 52-week low of $38.90 and a 52-week high of $48.15.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 EPS 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 during the quarter, compared to the consensus estimate of $237.75 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, equities research analysts forecast that NNN REIT will post 3.49 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.62 dividend. The ex-dividend date is Friday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.2%. NNN REIT’s dividend payout ratio is 116.50%.

Institutional Trading of NNN REIT

Several institutional investors and hedge funds have recently made changes to their positions in NNN. Root Financial Partners LLC boosted its position in shares of NNN REIT by 3,354.1% during the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,241 shares in the last quarter. Ascentis Independent Advisors bought a new position in NNN REIT during the first quarter worth about $76,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 573 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in NNN REIT in the fourth quarter valued at about $187,000. Finally, Crestwood Advisors Group LLC acquired a new position in NNN REIT in the fourth quarter valued at about $239,000. 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.