NNN REIT (NYSE:NNN – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.500-3.540 for the period, compared to the consensus earnings per share estimate of 3.490. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
NNN has been the subject of a number of research analyst reports. Morgan Stanley cut NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a research note on Monday, July 20th. Barclays lifted their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 21st. Wells Fargo & Company increased their price objective on shares of NNN REIT from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lifted their price target on NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group initiated coverage on NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, NNN REIT currently has a consensus rating of “Hold” and a consensus target price of $46.57.
Get Our Latest Stock Report on NNN REIT
NNN REIT Trading Down 0.6%
NNN REIT (NYSE:NNN – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The business had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, analysts forecast that NNN REIT will post 3.49 EPS for the current year.
NNN REIT Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a yield of 5.3%. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s payout ratio is currently 120.39%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Captrust Financial Advisors grew its stake in NNN REIT by 17.3% during the third quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock worth $5,757,000 after buying an additional 19,976 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of 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 acquiring an additional 30,333 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of NNN REIT during the 4th quarter worth approximately $1,300,000. Finally, Parallel Advisors LLC grew its holdings in NNN REIT by 17.5% during the fourth quarter. Parallel Advisors LLC now owns 6,710 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 997 shares during the period. 89.96% of the stock is owned by institutional investors.
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.
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