NNN REIT, Inc. (NYSE:NNN – Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $47.57 and last traded at $47.5310, with a volume of 157981 shares changing hands. The stock had previously closed at $46.57.
Analysts Set New Price Targets
Several research firms have issued reports on NNN. Wells Fargo & Company raised their target price on NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Citigroup upped their price target on NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada increased their price target on NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Jefferies Financial Group assumed coverage on shares of NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective on the stock. Three 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’s stock. According to data from MarketBeat, NNN REIT presently has a consensus rating of “Hold” and a consensus price target of $45.65.
Get Our Latest Research Report on NNN
NNN REIT Stock Performance
NNN REIT (NYSE:NNN – Get Free Report) 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). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The firm had revenue of $240.42 million for the quarter, compared to analyst estimates of $237.75 million. During the same period in the previous year, the company posted $0.87 EPS. NNN REIT’s revenue was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Research analysts expect that NNN REIT, Inc. will post 3.49 earnings per share for the current year.
NNN REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.40 annualized dividend and a dividend yield of 5.1%. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of NNN. SG Americas Securities LLC grew its position in shares of NNN REIT by 798.2% during the first quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock worth $11,301,000 after buying an additional 238,938 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of NNN REIT in the 1st quarter valued at $2,165,000. Sound Income Strategies LLC raised its holdings 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 purchasing an additional 34,852 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of NNN REIT during the 4th quarter worth $1,300,000. Finally, Horizon Investments LLC lifted its position in shares of NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after purchasing an additional 30,333 shares during the last quarter. 89.96% of the stock is 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.
Featured Stories
- Five stocks we like better than NNN REIT
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for NNN REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NNN REIT and related companies with MarketBeat.com's FREE daily email newsletter.
