Brokerages Set NNN REIT, Inc. (NYSE:NNN) Price Target at $43.17

NNN REIT, Inc. (NYSE:NNN) has been assigned an average rating of “Reduce” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $43.1667.

A number of research firms have recently commented on NNN. Weiss Ratings reissued a “hold (c)” rating on shares of NNN REIT in a report on Wednesday, October 8th. Evercore ISI lowered their target price on shares of NNN REIT from $44.00 to $43.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. UBS Group dropped their price target 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. Wells Fargo & Company upped their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, B. Riley restated a “neutral” rating and set a $43.00 target price (down previously from $44.00) on shares of NNN REIT in a research note on Friday, November 14th.

NNN REIT Stock Up 1.0%

Shares of NNN REIT stock opened at $42.65 on Friday. The business has a 50-day moving average price of $40.56 and a 200 day moving average price of $41.63. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.10. The firm has a market cap of $8.10 billion, a P/E ratio of 20.50, a P/E/G ratio of 3.04 and a beta of 0.86. NNN REIT has a fifty-two week low of $35.80 and a fifty-two week high of $44.23.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $230.16 million during the quarter, compared to analysts’ expectations of $228.45 million. NNN REIT had a return on equity of 8.95% and a net margin of 43.22%.NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. On average, sell-side analysts forecast that NNN REIT will post 3.33 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, January 30th. NNN REIT’s payout ratio is currently 115.38%.

Hedge Funds Weigh In On NNN REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. Chung Wu Investment Group LLC purchased a new position in NNN REIT in the second quarter worth approximately $30,000. Quent Capital LLC purchased a new stake in shares of NNN REIT in the third quarter valued at $51,000. Ameriflex Group Inc. boosted its holdings in NNN REIT by 1,266.1% in the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 2,165 shares during the last quarter. GAMMA Investing LLC increased its stake in NNN REIT by 56.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,600 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 1,299 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in NNN REIT by 1,066.9% in the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 3,905 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.