NNN REIT, Inc. (NYSE:NNN) Stock Has Average Target Price of $47.53

Shares of NNN REIT, Inc. (NYSE:NNN) have earned an average rating of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $47.53.

A number of equities research analysts have recently commented on the company. National Bank Financial set a $50.00 target price on NNN REIT in a research report on Monday, July 20th. Royal Bank Of Canada upped their price target on NNN REIT from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. B. Riley Financial reissued a “neutral” rating and issued a $47.50 price objective (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Barclays boosted their price objective on NNN REIT from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday, September 4th. Finally, Evercore set a $47.00 target price on NNN REIT in a research note on Monday, September 21st.

NNN REIT Price Performance

NYSE:NNN opened at $41.28 on Friday. 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 50 day moving average price of $45.55 and a 200-day moving average price of $45.10. NNN REIT has a 1-year low of $38.90 and a 1-year high of $50.00. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 6.66 and a beta of 0.79.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The firm had revenue of $244.27 million for the quarter, compared to the consensus estimate of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities research analysts forecast that NNN REIT will post 3.51 EPS for the current year.

NNN REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, July 31st. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s payout ratio is presently 121.57%.

Institutional Trading of NNN REIT

Several institutional investors have recently modified their holdings of NNN. Engineers Gate Manager LP acquired a new position in shares of NNN REIT during the 2nd quarter worth about $523,000. Integrated Wealth Concepts LLC increased its stake in NNN REIT by 75.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 23,414 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 10,066 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of NNN REIT by 55.5% during the second quarter. NewEdge Advisors LLC now owns 19,608 shares of the real estate investment trust’s stock valued at $912,000 after acquiring an additional 7,002 shares during the last quarter. Pensionfund Sabic raised its holdings in shares of NNN REIT by 5.9% during the second quarter. Pensionfund Sabic now owns 26,800 shares of the real estate investment trust’s stock valued at $1,247,000 after acquiring an additional 1,500 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of NNN REIT by 97.0% in the second quarter. IFP Advisors Inc now owns 5,583 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 2,749 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Company Profile

NNN REIT (NYSE: NNN) is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT’s properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.