NNN REIT, Inc. (NYSE:NNN) Stock Has Consensus Price Target of $47.53

NNN REIT, Inc. (NYSE:NNN) has been given an average rating of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.53.

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on NNN REIT from $45.00 to $47.00 and gave the company an “underweight” rating in a research note on Friday, September 4th. Robert W. Baird set a $49.00 target price on NNN REIT in a report on Thursday, August 6th. Wall Street Zen raised NNN REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings lowered shares of NNN REIT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Finally, Wells Fargo & Company lowered their price objective on shares of NNN REIT from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st.

NNN REIT Stock Performance

Shares of NNN stock opened at $41.32 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $7.93 billion, a P/E ratio of 20.25, a P/E/G ratio of 6.67 and a beta of 0.79. The firm’s 50 day moving average price is $45.24 and its 200-day moving average price is $45.05. NNN REIT has a one year low of $38.90 and a one year high of $50.00.

NNN REIT (NYSE:NNN) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $244.27 million during the quarter, compared to the consensus estimate of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, equities research analysts predict that NNN REIT will post 3.51 EPS for the current year.

NNN REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.48 annualized dividend and a yield of 6.0%. This is a boost from NNN REIT’s previous quarterly dividend of $0.60. NNN REIT’s dividend payout ratio is 121.57%.

Institutional Trading of NNN REIT

A number of large investors have recently modified their holdings of NNN. Parkside Financial Bank & Trust grew its stake in NNN REIT by 155.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 335 shares in the last quarter. Clearstead Trust LLC acquired a new stake in NNN REIT in the 2nd quarter valued at about $27,000. Avalon Trust Co acquired a new stake in NNN REIT in the 2nd quarter valued at about $38,000. Root Financial Partners LLC boosted its stake in shares of NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,241 shares during the period. Finally, Ascentis Independent Advisors purchased a new position in shares of NNN REIT in the 1st quarter valued at about $76,000. Hedge funds and other institutional investors 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 leases these properties to tenants under long-term, triple-net lease agreements, which generally require tenants to pay property taxes, insurance and maintenance expenses in addition to rent.

Its properties serve businesses in industries such as convenience stores, automotive services, restaurants, retail, pharmacies and other essential-service categories.