NNN REIT, Inc. (NYSE:NNN – Get Free Report) has received an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $47.60.
NNN has been the topic of several analyst reports. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a research note on Thursday, August 6th. Evercore set a $48.00 price target on shares of NNN REIT in a research report on Thursday, August 6th. B. Riley Financial restated a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Royal Bank Of Canada upped their price objective on NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley downgraded NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research note on Monday, July 20th.
View Our Latest Analysis on NNN REIT
NNN REIT Price Performance
NNN REIT (NYSE:NNN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $244.27 million for the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Sell-side analysts predict that NNN REIT will post 3.5 earnings per share for the current fiscal year.
NNN REIT Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.62 dividend. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a yield of 5.6%. NNN REIT’s payout ratio is presently 121.57%.
Institutional Trading of NNN REIT
Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors raised its holdings in shares of NNN REIT by 3.5% during the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock valued at $4,977,000 after purchasing an additional 3,897 shares during the last quarter. Parallel Advisors LLC boosted its holdings in NNN REIT by 11.0% in the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 567 shares during the last quarter. Horizon Investments LLC grew its position in NNN REIT by 65.0% in 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 period. Crestwood Advisors Group LLC purchased a new stake in NNN REIT during the 4th quarter valued at $239,000. Finally, Handelsbanken Fonder AB raised its stake in NNN REIT by 1.0% during the 4th quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock valued at $2,687,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.
About NNN REIT
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.
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