NNN REIT (NYSE:NNN) Shares Pass Above 200 Day Moving Average – Time to Sell?

NNN REIT, Inc. (NYSE:NNN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.36 and traded as high as $44.19. NNN REIT shares last traded at $43.7450, with a volume of 1,680,777 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, January 20th. Royal Bank Of Canada increased their price target on NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. BNP Paribas Exane increased their price target on NNN REIT from $43.00 to $44.00 and gave the stock a “strong sell” rating in a research note on Thursday, February 12th. UBS Group increased their price target on NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. 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 note on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.46.

NNN REIT Stock Performance

The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 5.28 and a beta of 0.82. The company has a fifty day moving average price of $43.88 and a two-hundred day moving average price of $42.37.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $240.42 million during the quarter, compared to analyst estimates of $237.76 million. NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, equities research analysts expect that NNN REIT, Inc. will post 3.48 EPS for the current year.

NNN REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a $0.60 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.40 annualized dividend and a dividend yield of 5.5%. NNN REIT’s dividend payout ratio is 116.50%.

Insider Buying and Selling at NNN REIT

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

Institutional Investors Weigh In On NNN REIT

Several hedge funds have recently modified their holdings of NNN. SG Americas Securities LLC lifted its holdings in shares of NNN REIT by 798.2% during the first quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust’s stock valued at $11,301,000 after purchasing an additional 238,938 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of NNN REIT during the first quarter valued at $2,165,000. Sound Income Strategies LLC lifted its holdings in shares of NNN REIT by 8.0% during the fourth quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust’s stock valued at $20,000,000 after purchasing an additional 34,852 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of NNN REIT during the fourth quarter valued at $1,300,000. Finally, Horizon Investments LLC lifted its holdings in shares of NNN REIT by 65.0% during the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after purchasing an additional 30,333 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.