Brokerages Set NNN REIT, Inc. (NYSE:NNN) Target Price at $45.65

Shares of NNN REIT, Inc. (NYSE:NNN) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $45.6538.

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of NNN REIT from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Morgan Stanley lifted their price target 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. Royal Bank Of Canada boosted their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Barclays increased their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Finally, 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.

NNN REIT Price Performance

NNN stock opened at $47.36 on Friday. The company has a market cap of $9.01 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 7.30 and a beta of 0.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. The stock has a 50-day moving average price of $45.53 and a two-hundred day moving average price of $43.93. NNN REIT has a 12-month low of $38.90 and a 12-month high of $48.15.

NNN REIT (NYSE:NNN) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $237.75 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, research analysts predict that NNN REIT will post 3.49 EPS for the current year.

Institutional Trading of NNN REIT

Several large investors have recently added to or reduced their stakes in NNN. Captrust Financial Advisors boosted its position in shares of NNN REIT by 3.5% in the second 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 grew its stake in shares of NNN REIT by 11.0% in the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 567 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after buying an additional 30,333 shares during the period. Red Spruce Capital LLC raised its holdings in shares of NNN REIT by 3.0% during the 4th quarter. Red Spruce Capital LLC now owns 49,501 shares of the real estate investment trust’s stock valued at $1,962,000 after buying an additional 1,452 shares during the period. Finally, Adams Asset Advisors LLC raised its holdings in shares of NNN REIT by 10.2% during the 4th quarter. Adams Asset Advisors LLC now owns 47,524 shares of the real estate investment trust’s stock valued at $1,883,000 after buying an additional 4,412 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.