NNN REIT (NYSE:NNN) Reaches New 52-Week High – Time to Buy?

Shares of NNN REIT, Inc. (NYSE:NNN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.57 and last traded at $47.5310, with a volume of 157981 shares changing hands. The stock had previously closed at $46.57.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen upgraded NNN REIT from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Citigroup lifted their target price on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley boosted their price target on shares of NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Raymond James Financial reissued a “market perform” rating on shares of NNN REIT in a report on Tuesday, March 17th. Finally, Barclays raised their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.65.

NNN REIT Stock Performance

The firm’s 50-day moving average price is $45.09 and its two-hundred day moving average price is $43.55. The firm has a market capitalization of $9.04 billion, a PE ratio of 23.07, a P/E/G ratio of 7.32 and a beta of 0.80. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last issued 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 firm 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 posted $0.87 EPS. The firm’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, research analysts predict that NNN REIT, Inc. will post 3.49 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Thursday, April 30th. NNN REIT’s payout ratio is 116.50%.

Institutional Trading of NNN REIT

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors grew its holdings in shares of NNN REIT by 3.5% during the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock valued at $4,977,000 after buying an additional 3,897 shares in the last quarter. Ameriflex Group Inc. lifted its stake in NNN REIT by 1,266.1% in the 3rd quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 2,165 shares in the last quarter. Parallel Advisors LLC boosted its position in NNN REIT by 11.0% during the 3rd 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 period. Horizon Investments LLC boosted its position in 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 worth $3,230,000 after acquiring an additional 30,333 shares during the period. Finally, Red Spruce Capital LLC boosted its position in 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 worth $1,962,000 after acquiring an additional 1,452 shares during the period. 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.