NNN REIT (NYSE:NNN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

NNN REIT (NYSE:NNN) had its price target increased by analysts at Royal Bank Of Canada from $42.00 to $43.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada‘s target price suggests a potential upside of 4.36% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Truist Financial assumed coverage on shares of NNN REIT in a research report on Thursday, October 1st. They set a “hold” rating and a $45.00 price objective for the company. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a research report on Thursday, August 6th. National Bank Financial set a $50.00 target price on shares of NNN REIT in a research note on Monday, July 20th. Huntington began coverage on shares of NNN REIT in a research note on Wednesday. They issued a “strong-buy” rating on the stock. Finally, Wells Fargo & Company dropped their price target on shares of NNN REIT from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.50.

NNN REIT Stock Performance

Shares of NNN REIT stock traded down $0.26 on Thursday, reaching $41.20. The stock had a trading volume of 3,159,858 shares, compared to its average volume of 2,697,968. 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 business’s 50-day moving average price is $41.96 and its two-hundred day moving average price is $44.25. The stock has a market cap of $7.91 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. NNN REIT has a fifty-two week low of $38.90 and a fifty-two week high of $50.00.

NNN REIT (NYSE:NNN) last announced its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm had revenue of $249.68 million for the quarter, compared to the consensus estimate of $245.37 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. On average, sell-side analysts forecast that NNN REIT will post 3.52 EPS for the current year.

Institutional Trading of NNN REIT

Hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position 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 acquiring an additional 335 shares during the last quarter. Clearstead Trust LLC bought a new position in NNN REIT in the 2nd quarter worth approximately $27,000. Covestor Ltd raised its position in NNN REIT by 64.3% in the 3rd quarter. Covestor Ltd now owns 800 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 313 shares during the last quarter. Avalon Trust Co acquired a new position in NNN REIT during the 2nd quarter worth $38,000. Finally, Horizons Wealth Management acquired a new position in NNN REIT during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Trending Headlines about NNN REIT

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: NNN beat Q3 expectations, reporting $0.57 per share versus a $0.52 consensus and revenue of $249.68 million versus $245.37 million expected. Occupancy was 99.2%, and the company maintained its guidance—supportive signs for operating performance. NNN REIT Q3 2026: Earnings Beat, 99.2% Occupancy, and Guidance Held
• Positive Sentiment: Huntington initiated coverage with a “strong buy” rating. NNN was also included in a roundup of REITs with generous dividends following favorable Q3 results, which may appeal to income-focused investors. 5 REIT Stocks With Generous Dividends to Consider After Q3 Earnings
• Neutral Sentiment: RBC raised its price target from $42 to $43 and kept a “sector perform” rating, signaling modestly improved valuation expectations but a neutral outlook. RBC analyst recommendations
• Negative Sentiment: Citigroup lowered its target from $46 to $44 and maintained a “neutral” rating. The reduced target could limit near-term optimism, despite implying potential upside from the then-current share price. Citigroup analyst recommendations

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.