Shares of NNN REIT, Inc. (NYSE:NNN – Get Free Report) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $47.30.
NNN has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on shares of NNN REIT from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Morgan Stanley downgraded shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Monday, July 20th. Citigroup lifted their price objective on NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Jefferies Financial Group started coverage on NNN REIT in a research note on Monday, June 1st. They issued a “hold” rating and a $47.00 target price on the stock. Finally, Robert W. Baird set a $49.00 target price on NNN REIT in a research report on Thursday.
View Our Latest Research Report on NNN
Hedge Funds Weigh In On NNN REIT
NNN REIT Price Performance
Shares of NNN opened at $45.84 on Thursday. The business’s 50-day moving average is $46.92 and its 200-day moving average is $44.92. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 7.22 and a beta of 0.79. NNN REIT has a fifty-two week low of $38.90 and a fifty-two week high of $50.00.
NNN REIT (NYSE:NNN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $244.27 million during the quarter, compared to analysts’ expectations 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. Equities research analysts expect that NNN REIT will post 3.49 EPS for the current fiscal year.
NNN REIT Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, July 31st. This represents a $2.48 annualized dividend and a dividend yield of 5.4%. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio is presently 121.57%.
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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