Analysts Set NNN REIT, Inc. (NYSE:NNN) Target Price at $44.33

Shares of NNN REIT, Inc. (NYSE:NNN) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $44.10.

A number of equities analysts have commented on NNN shares. Evercore ISI cut their price objective on shares of NNN REIT from $46.00 to $44.00 and set an “in-line” rating on the stock in a report on Wednesday. B. Riley boosted their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Barclays cut their price objective on shares of NNN REIT from $44.00 to $43.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Wells Fargo & Company cut their price objective on shares of NNN REIT from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, UBS Group upped their target price on shares of NNN REIT from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, August 15th.

Institutional Investors Weigh In On NNN REIT

A number of institutional investors have recently modified their holdings of NNN. Sound Income Strategies LLC lifted its holdings in NNN REIT by 4.4% during the 3rd quarter. Sound Income Strategies LLC now owns 434,193 shares of the real estate investment trust’s stock valued at $18,219,000 after purchasing an additional 18,135 shares during the last quarter. Goodman Financial Corp lifted its holdings in NNN REIT by 3.3% during the 1st quarter. Goodman Financial Corp now owns 308,870 shares of the real estate investment trust’s stock valued at $13,173,000 after purchasing an additional 9,755 shares during the last quarter. Captrust Financial Advisors lifted its holdings in NNN REIT by 3.5% during the 2nd 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. Amalgamated Bank lifted its holdings in NNN REIT by 0.4% during the 3rd quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock valued at $3,682,000 after purchasing an additional 311 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in NNN REIT by 616.2% during the 3rd quarter. SG Americas Securities LLC now owns 72,410 shares of the real estate investment trust’s stock valued at $3,082,000 after purchasing an additional 62,299 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Stock Up 0.1%

Shares of NNN REIT stock opened at $39.85 on Monday. NNN REIT has a twelve month low of $35.80 and a twelve month high of $44.81. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The company has a fifty day moving average price of $42.20 and a 200 day moving average price of $42.14.

NNN REIT (NYSE:NNN) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. NNN REIT had a net margin of 43.90% and a return on equity of 9.00%. The firm had revenue of $230.16 million for the quarter, compared to analyst estimates of $228.45 million. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. Equities research analysts forecast that NNN REIT will post 3.33 earnings per share for the current fiscal year.

NNN REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, October 31st. NNN REIT’s dividend payout ratio is 114.29%.

NNN REIT Company Profile

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.