NNN REIT (NYSE:NNN) Updates FY 2026 Earnings Guidance

NNN REIT (NYSE:NNN) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.500-3.540 for the period, compared to the consensus EPS estimate of 3.490. The company issued revenue guidance of -.

NNN REIT Price Performance

NYSE:NNN traded down $0.23 during trading hours on Wednesday, hitting $46.94. 659,563 shares of the stock traded hands, compared to its average volume of 1,630,682. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 7.32 and a beta of 0.79. NNN REIT has a 1 year low of $38.90 and a 1 year high of $50.00. The stock has a 50 day moving average price of $46.73 and a 200 day moving average price of $44.80. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $244.27 million for the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Sell-side analysts forecast that NNN REIT will post 3.49 EPS for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.62 per share. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, July 31st. NNN REIT’s dividend payout ratio (DPR) is 120.39%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NNN. Jefferies Financial Group began coverage on shares of NNN REIT in a research report on Monday, June 1st. They set a “hold” rating and a $47.00 price objective on the stock. Morgan Stanley cut NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a report on Monday, July 20th. Wells Fargo & Company lifted their price objective on NNN REIT from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, National Bank Financial set a $50.00 price target on shares of NNN REIT in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, NNN REIT presently has a consensus rating of “Hold” and an average price target of $46.57.

Institutional Trading of NNN REIT

A number of large investors have recently made changes to their positions in NNN. Captrust Financial Advisors increased its stake in NNN REIT by 3.5% in the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after buying an additional 3,897 shares during the period. Parallel Advisors LLC increased its position in shares of NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 567 shares during the period. Horizon Investments LLC increased its position in shares of NNN REIT by 65.0% during the third 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 period. Finally, Tudor Investment Corp ET AL bought a new stake in shares of NNN REIT during the fourth quarter valued at approximately $1,300,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.