NNN REIT (NYSE:NNN) Now Covered by Huntington

Huntington began coverage on shares of NNN REIT (NYSE:NNN) in a research report report published on Wednesday,Zacks reports. The firm issued a strong-buy rating on the real estate investment trust’s stock.

NNN has been the subject of a number of other research reports. Morgan Stanley raised shares of 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. B. Riley Financial restated a “neutral” rating and issued a $47.50 price target (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Robert W. Baird set a $49.00 price objective on shares of NNN REIT in a report on Thursday, August 6th. Evercore set a $47.00 target price on shares of NNN REIT in a research report on Monday, September 21st. Finally, Truist Financial initiated coverage on shares of NNN REIT in a report on Thursday, October 1st. They set a “hold” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.88.

NNN REIT Stock Performance

NYSE:NNN opened at $41.68 on Wednesday. The stock has a market cap of $8.00 billion, a P/E ratio of 20.43, a PEG ratio of 5.67 and a beta of 0.77. The stock has a 50 day simple moving average of $42.13 and a 200 day simple moving average of $44.26. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. NNN REIT has a 1-year low of $38.90 and a 1-year high of $50.00.

NNN REIT (NYSE:NNN) last released its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $249.68 million during the quarter, compared to the consensus estimate of $245.37 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. Research analysts anticipate that NNN REIT will post 3.52 earnings per share for the current year.

NNN REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, October 30th. NNN REIT’s dividend payout ratio is presently 121.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Peak Financial Advisors LLC boosted its stake in NNN REIT by 2.2% in the third quarter. Peak Financial Advisors LLC now owns 11,948 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 254 shares in the last quarter. Interchange Capital Partners LLC grew its position in NNN REIT by 4.5% in the third quarter. Interchange Capital Partners LLC now owns 6,153 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 263 shares during the last quarter. Covestor Ltd raised its stake in NNN REIT by 64.3% during the third quarter. Covestor Ltd now owns 800 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 313 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in NNN REIT by 155.8% during the second quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 335 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in NNN REIT by 0.7% during the second quarter. Arizona State Retirement System now owns 52,497 shares of the real estate investment trust’s stock worth $2,443,000 after acquiring an additional 354 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Key NNN REIT News

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

• Positive Sentiment: Third-quarter EPS was $0.57, above the $0.52 consensus, while revenue of $249.7 million topped estimates of about $245.4 million. NNN REIT Announces Third Quarter 2026 Results
• Positive Sentiment: Operating metrics also showed progress: occupancy reached 99.2%, and reported FFO was $0.91 per share versus $0.86 a year earlier; a separate report cited 5.9% growth in core FFO. NNN REIT Q3 Earnings Beat as Occupancy Increased and Portfolio Grows
• Positive Sentiment: Huntington initiated coverage with a Strong Buy rating, adding a bullish analyst view. Huntington Stock Recommendations
• Neutral Sentiment: Management maintained 2026 AFFO-per-share guidance of $3.55–$3.59. It expects acquisition yields to improve into early 2027, but that is a forward-looking opportunity rather than a change to current-year guidance. NNN Sees Higher Acquisition Yields While Maintaining 2026 AFFO Guidance
• Neutral Sentiment: Despite year-over-year FFO growth, quarterly FFO of $0.91 per share was in line with the Zacks consensus estimate, limiting the surprise from that measure. NNN REIT Q3 FFO Matches Estimates

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.