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

NNN REIT (NYSE:NNN) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 3.480-3.540 for the period, compared to the consensus earnings per share estimate of 3.480. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NNN shares. Deutsche Bank Aktiengesellschaft raised shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, January 20th. Raymond James Financial reaffirmed a “market perform” rating on shares of NNN REIT in a report on Tuesday, March 17th. UBS Group increased their price objective on shares of 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 lifted 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. Finally, Morgan Stanley increased their price target on NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, NNN REIT currently has a consensus rating of “Hold” and a consensus price target of $45.55.

NNN REIT Stock Performance

Shares of NNN stock traded up $0.33 during trading hours on Thursday, reaching $43.85. The stock had a trading volume of 3,866,703 shares, compared to its average volume of 1,387,847. The firm has a market capitalization of $8.34 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 5.83 and a beta of 0.85. The firm has a 50-day simple moving average of $44.01 and a 200-day simple moving average of $42.25. NNN REIT has a twelve month low of $38.90 and a twelve month high of $46.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

NNN REIT (NYSE:NNN) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.87 EPS for the quarter, topping the consensus estimate of $0.52 by $0.35. NNN REIT had a net margin of 42.08% and a return on equity of 8.89%. During the same period in the previous year, the business posted $0.87 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, equities analysts forecast that NNN REIT will post 3.48 earnings per share for the current year.

NNN REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, April 30th. NNN REIT’s dividend payout ratio is 115.94%.

Insider Activity at NNN REIT

In other news, EVP Jonathan Adamo sold 6,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $44.99, for a total value of $269,940.00. Following the completion of the transaction, the executive vice president owned 126,358 shares of the company’s stock, valued at approximately $5,684,846.42. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $44.98, for a total value of $1,492,976.16. Following the transaction, the chief executive officer directly owned 822,711 shares in the company, valued at $37,005,540.78. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by company insiders.

Key Stories Impacting NNN REIT

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: Q1 results beat estimates — NNN reported $0.87 EPS vs. consensus $0.52, revenue rose ~4.1% year-over-year, with strong margins (net margin ~42%) and ROE ~8.9%; management released the official quarter press release and slide deck. PR Newswire: Q1 Results & Guidance
• Positive Sentiment: Raised AFFO per share guidance — management increased 2026 AFFO guidance to $3.53–$3.59 and announced a targeted acquisition program of $550M–$650M, signaling confidence in deployment opportunities and support for cash‑flow growth. MSN: Raises 2026 AFFO Guidance & Acquisition Target
• Positive Sentiment: Updated FY2026 EPS guidance — NNN set FY2026 EPS guidance to $3.480–$3.540 (in line with consensus) and characterized its outlook as improved after Q1 results. Management framed the guidance as achievable alongside the planned acquisition activity. MSN: Boosts Earnings Guidance
• Neutral Sentiment: Earnings call transcript and commentary are available — analysts and investors can review management’s remarks on leasing trends, capital allocation, and portfolio performance for more color. (Transcript links from Seeking Alpha and Yahoo.) Seeking Alpha: Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Market context — trading volume is elevated and the stock sits between its 50‑day (~$44.01) and 200‑day (~$42.25) moving averages; valuation metrics (P/E ~21) and guidance parity with consensus suggest upside depends on execution of the acquisition plan and AFFO delivery.

Hedge Funds Weigh In On NNN REIT

Several large investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted 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 worth $243,000 after acquiring an additional 567 shares during the period. Tudor Investment Corp ET AL bought a new stake in NNN REIT during the fourth quarter worth approximately $1,300,000. Horizon Investments LLC lifted its position in NNN REIT by 65.0% in the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after purchasing an additional 30,333 shares during the period. Finally, Captrust Financial Advisors boosted its stake 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 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.