NNN REIT (NYSE:NNN) Coverage Initiated by Analysts at Huntington

Key Points

• Huntington initiated coverage of NNN REIT with a “strong-buy” rating. Overall analyst sentiment remains “Hold,” with a consensus price target of $46.88; Barclays and Wells Fargo recently cut their targets to $43.
• NNN REIT’s latest quarterly results topped estimates: earnings were $0.57 per share versus $0.52 expected, and revenue was $249.68 million versus $245.37 million forecast.
• The shares opened at $41.68, within a 12-month range of $38.90 to $50.00.

Investment analysts at Huntington started coverage on shares of NNN REIT (NYSE:NNN - Get Free Report) in a research report issued on Wednesday, Zacks reports. The brokerage set a "strong-buy" rating on the real estate investment trust's stock.

A number of other equities analysts also recently issued reports on NNN. Barclays dropped their price target on NNN REIT from $47.00 to $43.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 20th. Robert W. Baird set a $49.00 price objective on NNN REIT in a research report on Thursday, August 6th. National Bank Financial set a $50.00 price objective on NNN REIT in a research report on Monday, July 20th. Evercore set a $47.00 target price on NNN REIT in a report on Monday, September 21st. Finally, Wells Fargo & Company dropped their target price on NNN REIT from $47.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, NNN REIT presently has an average rating of "Hold" and a consensus price target of $46.88.

NNN REIT Trading Down 0.0%

Shares of NNN stock opened at $41.68 on Wednesday. NNN REIT has a 12-month low of $38.90 and a 12-month high of $50.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12. The firm's 50 day moving average is $42.13 and its 200 day moving average is $44.26. The stock has a market capitalization of $8.00 billion, a P/E ratio of 20.43, a P/E/G ratio of 5.67 and a beta of 0.77.

NNN REIT (NYSE:NNN - Get Free Report) last posted its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. The business had revenue of $249.68 million during 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%. Research analysts expect that NNN REIT will post 3.52 earnings per share for the current year.

Institutional Investors Weigh In On NNN REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC lifted its holdings in NNN REIT by 11.2% during the third quarter. Lido Advisors LLC now owns 18,682 shares of the real estate investment trust's stock valued at $768,000 after purchasing an additional 1,882 shares in the last quarter. Equity Investment Corp boosted its position in shares of NNN REIT by 46.1% in the third quarter. Equity Investment Corp now owns 2,435,846 shares of the real estate investment trust's stock worth $100,089,000 after purchasing an additional 768,831 shares during the period. M&G PLC increased its stake in shares of NNN REIT by 1.3% in the third quarter. M&G PLC now owns 275,209 shares of the real estate investment trust's stock worth $11,284,000 after purchasing an additional 3,546 shares in the last quarter. AlphaCore Capital LLC increased its stake in shares of NNN REIT by 25.3% in the third quarter. AlphaCore Capital LLC now owns 12,990 shares of the real estate investment trust's stock worth $534,000 after purchasing an additional 2,622 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of NNN REIT by 0.6% in the third quarter. Retirement Systems of Alabama now owns 197,967 shares of the real estate investment trust's stock worth $8,134,000 after purchasing an additional 1,196 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about NNN REIT

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

• Positive Sentiment: Third-quarter revenue was $249.7 million, above the roughly $245.4 million consensus, and earnings per share of $0.57 topped the $0.52 estimate. NNN REIT third-quarter 2026 results
• Positive Sentiment: Core FFO rose 5.9% year over year, and occupancy increased as the portfolio grew—signs of continued operating momentum. Q3 earnings beat as occupancy increased and portfolio grows
• Positive Sentiment: Management expects acquisition yields to be higher into early 2027, which could support returns from future investments. NNN sees higher acquisition yields
• Neutral Sentiment: Quarterly FFO of $0.91 per share matched the consensus estimate, though it was up from $0.86 a year earlier. NNN also kept its 2026 AFFO-per-share guidance at $3.55–$3.59, signaling no change to its outlook. NNN REIT Q3 FFO matched estimates

NNN REIT Company Profile

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.

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