NNN REIT (NYSE:NNN) Stock Gets Price Target Cut from Barclays

NNN REIT (NYSE:NNN) had its price objective cut by Barclays from $47.00 to $43.00 in a report released on Tuesday morning,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on NNN. Robert W. Baird set a $49.00 price objective on NNN REIT in a report on Thursday, August 6th. Evercore set a $47.00 target price on NNN REIT in a research report on Monday, September 21st. Weiss Ratings downgraded NNN REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Huntington assumed coverage on NNN REIT in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 target price for the company. Finally, Morgan Stanley raised NNN REIT from an “equal weight” rating to an “overweight” rating and set a $50.00 target price for the company in a research report on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, NNN REIT presently has an average rating of “Hold” and an average price target of $46.88.

NNN REIT Trading Up 3.4%

Shares of NNN REIT stock opened at $42.12 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $42.92 and a 200-day simple moving average of $44.76. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 5.54 and a beta of 0.78. NNN REIT has a 12-month low of $38.90 and a 12-month high of $50.00.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The firm had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities analysts forecast that NNN REIT will post 3.52 EPS for the current fiscal year.

NNN REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, October 30th. NNN REIT’s payout ratio is presently 121.57%.

Institutional Trading of NNN REIT

A number of large investors have recently bought and sold shares of NNN. Fifth Third Wealth Advisors LLC grew its position in NNN REIT by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 251 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in NNN REIT by 155.8% in the second quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 335 shares during the period. Arizona State Retirement System raised its holdings in shares of NNN REIT by 0.7% in the second quarter. Arizona State Retirement System now owns 52,497 shares of the real estate investment trust’s stock valued at $2,443,000 after buying an additional 354 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of NNN REIT by 5.1% in the third quarter. Inspire Investing LLC now owns 10,548 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 511 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of NNN REIT by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 573 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

About NNN REIT

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.