Brokerages Set NNN REIT, Inc. (NYSE:NNN) PT at $45.46

Shares of NNN REIT, Inc. (NYSE:NNN) have been given an average rating of “Hold” by the twelve research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.4583.

NNN has been the subject of several recent research reports. Stifel Nicolaus set a $48.50 price target on NNN REIT in a report on Wednesday, February 11th. Barclays increased their price target on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. UBS Group increased their price target on NNN REIT from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, March 9th. BNP Paribas Exane increased their price target on NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a report on Thursday, February 12th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of NNN REIT in a report on Tuesday, March 17th.

NNN REIT Stock Performance

NYSE NNN opened at $45.12 on Friday. The company has a market cap of $8.58 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 7.31 and a beta of 0.82. The stock’s 50 day simple moving average is $43.85 and its 200-day simple moving average is $42.58. NNN REIT has a 1-year low of $38.90 and a 1-year high of $46.03. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 0.63.

NNN REIT (NYSE:NNN) last released its earnings results 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). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The firm had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $237.76 million. During the same quarter last year, the business earned $0.87 EPS. The business’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 research analysts anticipate that NNN REIT will post 3.49 EPS for the current fiscal year.

NNN REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Thursday, April 30th. NNN REIT’s dividend payout ratio (DPR) is currently 116.50%.

Insider Activity at NNN REIT

In related news, CEO Stephen A. Horn, Jr. sold 33,192 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $37,005,540.78. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Adamo sold 6,000 shares of the stock in a transaction that occurred 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 directly owned 126,358 shares of the company’s stock, valued at approximately $5,684,846.42. This represents a 4.53% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NNN REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC increased its stake in NNN REIT by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 251 shares during the last quarter. Amalgamated Bank increased its stake in NNN REIT by 0.4% during the third quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock worth $3,682,000 after acquiring an additional 311 shares during the last quarter. Parallel Advisors LLC increased its stake in NNN REIT by 11.0% during the third 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 last quarter. EverSource Wealth Advisors LLC increased its stake in NNN REIT by 11.2% during the first quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 658 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in NNN REIT by 1.0% during the fourth quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after acquiring an additional 700 shares during 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.