NNN REIT (NYSE:NNN) Given New $43.00 Price Target at Royal Bank Of Canada

NNN REIT (NYSE:NNN) had its target price increased by Royal Bank Of Canada from $42.00 to $43.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. National Bank Financial set a $50.00 target price on NNN REIT in a research report on Monday, July 20th. Huntington started coverage on NNN REIT in a report on Wednesday. They set a “strong-buy” rating on the stock. Truist Financial began coverage on NNN REIT in a report on Thursday, October 1st. They set a “hold” rating and a $45.00 target price for the company. Wells Fargo & Company reduced their target price on NNN REIT from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Finally, Morgan Stanley raised shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 target price for the company in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.62.

NNN REIT Stock Down 0.4%

Shares of NYSE NNN opened at $41.47 on Thursday. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 5.66 and a beta of 0.77. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.58 and a quick ratio of 1.15. The business has a 50-day moving average of $42.04 and a two-hundred day moving average of $44.25. NNN REIT has a 1 year low of $38.90 and a 1 year high of $50.00.

NNN REIT (NYSE:NNN) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. The business had revenue of $249.68 million for the quarter, compared to analyst estimates of $245.37 million. NNN REIT had a return on equity of 8.93% and a net margin of 40.89%. On average, analysts forecast that NNN REIT will post 3.52 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, October 30th. NNN REIT’s dividend payout ratio is 118.10%.

Institutional Trading of NNN REIT

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of NNN REIT during the 2nd quarter worth $1,242,752,000. Equity Investment Corp boosted its stake in shares of NNN REIT by 46.1% in the 3rd quarter. Equity Investment Corp now owns 2,435,846 shares of the real estate investment trust’s stock valued at $100,089,000 after purchasing an additional 768,831 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of NNN REIT in the 2nd quarter valued at about $87,737,000. Bank of New York Mellon Corp acquired a new position in NNN REIT in the second quarter valued at approximately $85,430,000. Finally, Jefferies Financial Group Inc. bought a new stake in NNN REIT in the second quarter valued at $66,584,000. Institutional investors own 89.96% of the company’s stock.

Key Stories Impacting NNN REIT

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

• Positive Sentiment: Third-quarter revenue of $249.7 million exceeded estimates of about $245.4 million, while earnings per share of $0.57 beat the $0.52 consensus. Core FFO grew 5.9% year over year, and occupancy reached 99.2%. NNN REIT third-quarter 2026 results
• Positive Sentiment: Management maintained its 2026 AFFO-per-share outlook of $3.55–$3.59 and expects acquisition yields to improve into early 2027, which could support future investment returns. NNN expects higher acquisition yields
• Positive Sentiment: Huntington initiated coverage with a “strong buy” rating, adding a bullish analyst view. Huntington analyst recommendations
• Neutral Sentiment: RBC raised its price target from $42 to $43 but kept a “sector perform” rating. Separately, quarterly FFO of $0.91 per share matched estimates, though it was up from $0.86 a year earlier. RBC analyst recommendations NNN REIT Q3 FFO results

NNN REIT Company Profile

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

The company’s properties are used by a range of businesses, including convenience stores, automotive service and parts retailers, restaurants, medical and dental services, drugstores, and other consumer-oriented tenants.