NNN REIT (NYSE:NNN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

NNN REIT, Inc. (NYSE:NNN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.51 and traded as high as $49.79. NNN REIT shares last traded at $49.1910, with a volume of 962,810 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Jefferies Financial Group started coverage on NNN REIT in a report on Monday, June 1st. They issued a “hold” rating and a $47.00 price target for the company. National Bank Financial set a $50.00 price objective on shares of NNN REIT in a research report on Monday, July 20th. Morgan Stanley cut shares of NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a report on Monday, July 20th. Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Citigroup boosted their price target on shares of NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, NNN REIT currently has a consensus rating of “Hold” and a consensus target price of $46.57.

NNN REIT Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 7.58 and a beta of 0.80. The company has a fifty day moving average price of $46.45 and a two-hundred day moving average price of $44.57.

NNN REIT (NYSE:NNN) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The business had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $237.75 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts expect that NNN REIT, Inc. 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. Stockholders of record on Friday, July 31st will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 5.1%. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, July 31st. NNN REIT’s payout ratio is currently 116.50%.

Hedge Funds Weigh In On NNN REIT

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC grew its stake in shares of NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,241 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of NNN REIT during the first quarter worth $76,000. GAMMA Investing LLC lifted its holdings in shares of NNN REIT by 24.4% during the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 573 shares during the period. Hanson & Doremus Investment Management purchased a new position in NNN REIT in the 4th quarter valued at $187,000. Finally, Crestwood Advisors Group LLC acquired a new position in NNN REIT in the 4th quarter valued at $239,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Company Profile

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.