NNN REIT (NYSE:NNN) Reaches New 52-Week High – Here’s Why

Shares of NNN REIT, Inc. (NYSE:NNN) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.15 and last traded at $46.0530, with a volume of 329085 shares changing hands. The stock had previously closed at $45.01.

Analysts Set New Price Targets

Several brokerages have commented on NNN. Morgan Stanley upped their target price on shares of NNN REIT from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. UBS Group lifted their price objective on NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. BNP Paribas Exane increased their target price on NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a research note on Thursday, February 12th. Wells Fargo & Company raised their target price on NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Finally, Robert W. Baird set a $46.00 target price on NNN REIT in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.65.

NNN REIT Stock Performance

The firm has a market cap of $8.82 billion, a P/E ratio of 22.51, a PEG ratio of 7.47 and a beta of 0.81. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50-day moving average is $44.21 and its 200 day moving average is $42.89.

NNN REIT (NYSE:NNN) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The business had revenue of $240.42 million for the quarter, compared to the consensus estimate of $237.76 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. On average, research analysts predict that NNN REIT, Inc. will post 3.49 earnings per share for the current year.

NNN REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a $0.60 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.40 annualized dividend and a dividend yield of 5.2%. NNN REIT’s payout ratio is currently 116.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC lifted its position in NNN REIT by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 251 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of NNN REIT by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 567 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of NNN REIT by 11.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 658 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of NNN REIT by 1.0% in the fourth quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock valued at $2,687,000 after purchasing an additional 700 shares in the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of NNN REIT by 3,354.1% during the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,241 shares in the last quarter. Institutional investors and hedge funds 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.