NNN REIT (NYSE:NNN – Get Free Report) had its price target boosted by research analysts at Royal Bank Of Canada from $42.00 to $43.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada‘s price target would indicate a potential upside of 4.31% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. National Bank Financial set a $50.00 price target on shares of NNN REIT in a research report on Monday, July 20th. B. Riley Financial reiterated a “neutral” rating and set a $47.50 target price (up from $46.00) on shares of NNN REIT in a research report on Wednesday, August 12th. Barclays lowered their target price on NNN REIT from $47.00 to $43.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 20th. Weiss Ratings lowered NNN REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Morgan Stanley upgraded shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.62.
Check Out Our Latest Stock Analysis on NNN
NNN REIT Trading Down 1.0%
NNN stock traded down $0.41 during midday trading on Thursday, hitting $41.22. The company had a trading volume of 1,610,905 shares, compared to its average volume of 1,787,421. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. NNN REIT has a 52 week low of $38.90 and a 52 week high of $50.00. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 5.67 and a beta of 0.77. The stock’s 50 day moving average price is $42.13 and its 200 day moving average price is $44.26.
NNN REIT (NYSE:NNN – Get Free Report) last released its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. The company had revenue of $249.68 million during the quarter, compared to analysts’ expectations of $245.37 million. As a group, equities research analysts expect that NNN REIT will post 3.52 earnings per share for the current fiscal year.
Institutional Trading of NNN REIT
Several hedge funds have recently bought and sold shares of NNN. Parkside Financial Bank & Trust grew its position in shares of NNN REIT by 155.8% during the second quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 335 shares in the last quarter. Clearstead Trust LLC purchased a new position in NNN REIT during the 2nd quarter valued at approximately $27,000. Covestor Ltd grew its holdings in NNN REIT by 64.3% during the 3rd quarter. Covestor Ltd now owns 800 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 313 shares in the last quarter. Avalon Trust Co bought a new stake in NNN REIT in the 2nd quarter worth approximately $38,000. Finally, Horizons Wealth Management bought a new stake in NNN REIT in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.
More NNN REIT News
Here are the key news stories impacting NNN REIT this week:
- Positive Sentiment: Third-quarter revenue of $249.7 million exceeded the roughly $245.4 million consensus, and reported EPS of $0.57 topped the $0.52 estimate. Core FFO rose 5.9% year over year to $0.91 per share. Q3 earnings beat as occupancy increased and portfolio grew
- Positive Sentiment: Operating indicators were strong: portfolio occupancy reached 99.2%, and the company said it sees higher acquisition yields into early 2027. Huntington also initiated coverage with a “strong-buy” rating. NNN REIT Q3 2026 results
- Neutral Sentiment: NNN maintained its 2026 AFFO-per-share guidance of $3.55 to $3.59. Keeping guidance intact provides stability but offers no upward revision to act as a fresh catalyst. Acquisition yields and AFFO guidance
- Negative Sentiment: FFO was in line with analyst expectations despite year-over-year growth, which may temper the impact of the headline earnings and revenue beats. With guidance unchanged, investors may be looking for stronger evidence of improving near-term growth.
About NNN REIT
NNN REIT, Inc is a real estate investment trust that owns and manages a diversified portfolio of freestanding retail properties. The company primarily invests in properties that are leased to retail businesses under long-term, triple-net agreements, under which tenants generally pay property taxes, insurance and maintenance costs in addition to rent.
The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.
Featured Articles
- Five stocks we like better than NNN REIT
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing 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.
