NNN REIT, Inc. (NYSE:NNN) Receives Average Rating of “Hold” from Analysts

Shares of NNN REIT, Inc. (NYSE:NNN) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $43.7778.

Several brokerages recently commented on NNN. Evercore ISI reduced their target price on NNN REIT from $44.00 to $43.00 and set an “in-line” rating on the stock in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of NNN REIT in a research report on Wednesday, October 8th. Barclays decreased their price objective on shares of NNN REIT from $44.00 to $43.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. B. Riley reissued 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. Finally, Wells Fargo & Company upped their price target on shares of NNN REIT from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th.

NNN REIT Stock Performance

NYSE NNN opened at $39.49 on Tuesday. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.91 and a beta of 0.87. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.10. NNN REIT has a twelve month low of $35.80 and a twelve month high of $44.23. The stock has a fifty day simple moving average of $40.68 and a 200 day simple moving average of $41.87.

NNN REIT (NYSE:NNN) last announced its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The firm had revenue of $230.16 million for the quarter, compared to the consensus estimate 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. Sell-side analysts expect that NNN REIT will post 3.33 EPS for the current year.

NNN REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.40 annualized dividend and a yield of 6.1%. NNN REIT’s dividend payout ratio (DPR) is currently 115.38%.

Hedge Funds Weigh In On NNN REIT

A number of institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank increased its stake in shares of NNN REIT by 0.4% in the 3rd quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock valued at $3,682,000 after acquiring an additional 311 shares in the last quarter. Red Spruce Capital LLC grew its holdings in NNN REIT by 0.7% in the second quarter. Red Spruce Capital LLC now owns 48,252 shares of the real estate investment trust’s stock worth $2,084,000 after purchasing an additional 345 shares during the period. Brooklyn Investment Group increased its stake in NNN REIT by 140.8% in the first quarter. Brooklyn Investment Group now owns 802 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 469 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 567 shares during the period. Finally, Chung Wu Investment Group LLC bought a new position in shares of NNN REIT during the 2nd quarter worth about $30,000. 89.96% of the stock is currently owned by institutional investors.

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.