NNN REIT, Inc. (NYSE:NNN) Stock Has Consensus Target Price of $47.12

NNN REIT, Inc. (NYSE:NNN) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $46.88.

Several equities analysts have weighed in on NNN shares. Wells Fargo & Company decreased their target price on shares of NNN REIT from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Weiss Ratings lowered shares of NNN REIT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. National Bank Financial set a $50.00 price objective on NNN REIT in a report on Monday, July 20th. Robert W. Baird set a $49.00 price objective on NNN REIT in a research report on Thursday, August 6th. Finally, Evercore set a $47.00 target price on NNN REIT in a research note on Monday, September 21st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG purchased a new position in shares of NNN REIT during the 2nd quarter worth approximately $19,961,000. Hsbc Holdings PLC raised its position in NNN REIT by 33.2% in the second quarter. Hsbc Holdings PLC now owns 689,173 shares of the real estate investment trust’s stock valued at $32,228,000 after purchasing an additional 171,669 shares during the period. Corient Private Wealth LP lifted its stake in NNN REIT by 35.7% during the second quarter. Corient Private Wealth LP now owns 434,654 shares of the real estate investment trust’s stock worth $20,224,000 after purchasing an additional 114,265 shares in the last quarter. Amundi lifted its stake in NNN REIT by 106.7% during the second quarter. Amundi now owns 227,185 shares of the real estate investment trust’s stock worth $10,571,000 after purchasing an additional 117,285 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in NNN REIT during the second quarter worth $85,430,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Stock Down 1.0%

Shares of NYSE:NNN opened at $41.70 on Tuesday. NNN REIT has a 52-week low of $38.90 and a 52-week high of $50.00. The stock has a market cap of $8.00 billion, a P/E ratio of 20.44, a PEG ratio of 5.67 and a beta of 0.78. The business has a fifty day moving average of $42.84 and a two-hundred day moving average of $44.74. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN) last announced its quarterly 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. 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 analysts’ expectations of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, research analysts expect 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. Shareholders of record on Friday, October 30th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.48 dividend on an annualized basis and a yield of 5.9%. NNN REIT’s dividend payout ratio is presently 121.57%.

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.