NNN REIT (NYSE:NNN) Updates FY 2026 Earnings Guidance

NNN REIT (NYSE:NNN) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.470-3.530 for the period, compared to the consensus earnings per share estimate of 2.600. The company issued revenue guidance of -.

NNN REIT Stock Performance

Shares of NNN stock opened at $43.63 on Friday. NNN REIT has a 52-week low of $35.80 and a 52-week high of $44.29. The company has a quick ratio of 2.44, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market cap of $8.29 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.07 and a beta of 0.86. The business has a 50-day simple moving average of $41.08 and a 200-day simple moving average of $41.57.

NNN REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, January 30th. NNN REIT’s dividend payout ratio is currently 115.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NNN shares. Robert W. Baird set a $46.00 target price on shares of NNN REIT in a report on Thursday. UBS Group decreased their price objective on shares of NNN REIT from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of NNN REIT in a research report on Thursday, January 22nd. Evercore cut their price target on NNN REIT from $44.00 to $43.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Finally, BNP Paribas Exane increased their price target on NNN REIT from $43.00 to $44.00 and gave the stock an “underperform” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, NNN REIT has an average rating of “Reduce” and an average target price of $44.61.

More NNN REIT News

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

• Positive Sentiment: Management raised FY‑2026 EPS guidance sharply to a range of 3.470–3.530 (well above the prior consensus ~2.60), a major catalyst for investor optimism. Read More.
• Positive Sentiment: Core operating metrics: Q4 FFO and revenue topped estimates (FFO $0.87 vs $0.86 est.), signaling underlying rent and cash‑flow strength that investors typically value for REITs. Read More.
• Positive Sentiment: Balance‑sheet and growth actions: NNN outlined a 2026 AFFO per‑share growth target of ~3.2% and reported a record ~$900M of acquisition volume, supporting the company’s growth trajectory and cash‑flow outlook. Read More.
• Neutral Sentiment: Detailed investor materials (earnings call transcript and slide deck) are available for those wanting line‑by‑line detail on earnings, leasing, and capital allocation. Read More. · Read More.
• Neutral Sentiment: Market commentary and longer‑form writeups (valuation pieces, dividend/portfolio reviews) have appeared, helpful for longer‑term investors but less likely to move price immediately. Read More. · Read More.
• Negative Sentiment: GAAP EPS reporting showed mixed signals—one summary reported a Q4 EPS miss versus consensus (reported GAAP EPS $0.51 vs $0.86), which can create headline volatility even when FFO/affO is solid. Read More.
• Negative Sentiment: Analyst stance remains cautious: BNP Paribas Exane slightly raised its price target to $44 but kept an “underperform” rating, implying limited near‑term upside and leaving some investors wary. Read More.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NNN. Horizon Investments LLC increased its stake 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 buying an additional 30,333 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of NNN REIT by 17.3% in the third quarter. Captrust Financial Advisors now owns 135,241 shares of the real estate investment trust’s stock worth $5,757,000 after acquiring an additional 19,976 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of NNN REIT by 17.5% in the fourth quarter. Parallel Advisors LLC now owns 6,710 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 997 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.