Shares of NNN REIT, Inc. (NYSE:NNN – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $48.15 and last traded at $47.4550, with a volume of 806992 shares traded. The stock had previously closed at $46.97.
Analyst Ratings Changes
NNN has been the topic of several research reports. Citigroup upped their price target on shares of NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. 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 research report on Monday, June 1st. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price target on shares of NNN REIT from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, NNN REIT currently has an average rating of “Hold” and an average target price of $45.65.
NNN REIT Stock Performance
NNN REIT (NYSE:NNN – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The firm had revenue of $240.42 million for the quarter, compared to analyst estimates of $237.75 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The firm’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 analysts predict 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. Investors of record on Thursday, April 30th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Thursday, April 30th. NNN REIT’s dividend payout ratio is currently 116.50%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Red Spruce Capital LLC increased its position in 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 in the last quarter. GAMMA Investing LLC boosted its position in NNN REIT by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 573 shares in the last quarter. Versant Capital Management Inc grew its stake 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 worth $603,000 after buying an additional 923 shares during the last quarter. Parallel Advisors LLC grew its stake 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 worth $348,000 after buying an additional 1,566 shares during the last quarter. Finally, Orographic Financial Advisors LLC acquired a new position in shares of NNN REIT during the first quarter worth $1,255,000. 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.
Read More
- Five stocks we like better than NNN REIT
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
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.
