NNN REIT, Inc. (NYSE:NNN) Receives Consensus Rating of “Reduce” from Brokerages

Shares of NNN REIT, Inc. (NYSE:NNN) have been given a consensus rating of “Reduce” by the eight ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $44.6111.

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, January 20th. Robert W. Baird set a $46.00 price target on NNN REIT in a research report on Thursday. B. Riley Financial reissued a “neutral” rating and issued a $43.00 price objective (down from $44.00) on shares of NNN REIT in a research note on Friday, November 14th. UBS Group lowered their target price on NNN REIT from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Stifel Nicolaus set a $48.50 price target on shares of NNN REIT in a research report on Wednesday.

Institutional Trading of NNN REIT

A number of institutional investors have recently bought and sold shares of the company. Quent Capital LLC acquired a new position in NNN REIT in the 3rd quarter worth about $51,000. Ameriflex Group Inc. increased 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 worth $99,000 after buying an additional 2,165 shares during the last quarter. Rothschild Investment LLC increased 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 buying an additional 3,905 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in NNN REIT during the fourth quarter valued at approximately $187,000. Finally, Bayforest Capital Ltd lifted its stake in NNN REIT by 705.2% in the third quarter. Bayforest Capital Ltd now owns 4,525 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 3,963 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

NNN REIT Price Performance

NNN stock opened at $44.36 on Wednesday. NNN REIT has a one year low of $35.80 and a one year high of $44.58. The firm has a 50-day moving average of $41.16 and a two-hundred day moving average of $41.57. The firm has a market capitalization of $8.43 billion, a PE ratio of 21.43, a P/E/G ratio of 3.16 and a beta of 0.86. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

NNN REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.4%. NNN REIT’s dividend payout ratio (DPR) is 115.94%.

About NNN REIT

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.