NNN REIT (NYSE:NNN) Price Target Cut to $43.00 by Analysts at Barclays

Key Points

• Barclays lowered NNN REIT’s price target to $43 from $47 and maintained an “underweight” rating, implying roughly 3.28% upside from the prior close.
• Analyst sentiment remains cautious: NNN has an average “Hold” rating and a consensus price target of $46.88, based on three Buy, ten Hold, and two Sell ratings.
• NNN REIT recently exceeded quarterly expectations, reporting $0.52 in EPS versus a $0.51 consensus estimate and revenue of $244.27 million versus $240.19 million expected.

NNN REIT (NYSE:NNN - Get Free Report) had its price target reduced by analysts at Barclays from $47.00 to $43.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "underweight" rating on the real estate investment trust's stock. Barclays's price target indicates a potential upside of 3.28% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the company. Wall Street Zen upgraded NNN REIT from a "sell" rating to a "hold" rating in a report on Sunday, June 28th. Robert W. Baird set a $49.00 price target on NNN REIT in a report on Thursday, August 6th. National Bank Financial set a $50.00 price target on NNN REIT in a research note on Monday, July 20th. Huntington started coverage on NNN REIT in a report on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 price objective on the stock. Finally, Royal Bank Of Canada upped their price objective on NNN REIT from $44.00 to $47.00 and gave the company a "sector perform" rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $46.88.

NNN REIT Stock Up 1.9%

NNN stock opened at $41.63 on Tuesday. NNN REIT has a 12-month low of $38.90 and a 12-month high of $50.00. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 6.69 and a beta of 0.78. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average of $43.18 and a two-hundred day moving average of $44.78.

NNN REIT (NYSE:NNN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, equities analysts anticipate that NNN REIT will post 3.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NNN REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Parkside Financial Bank & Trust increased its holdings in NNN REIT by 155.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 335 shares during the period. Clearstead Trust LLC acquired a new stake in shares of NNN REIT in the 2nd quarter valued at $27,000. Avalon Trust Co acquired a new stake in shares of NNN REIT in the 2nd quarter valued at $38,000. Horizons Wealth Management bought a new position in shares of NNN REIT in the 3rd quarter valued at $40,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new position in shares of NNN REIT during the 3rd quarter worth $41,000. 89.96% of the stock is owned by institutional investors and hedge funds.

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.

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