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

Key Points

• Royal Bank of Canada raised its price target on NNN REIT from $42 to $43, maintaining a “sector perform” rating; the target implied 4.31% upside from the prior close.
• Analyst sentiment remains broadly cautious: NNN has an average “Hold” rating and a consensus price target of $46.62.
• NNN beat quarterly estimates, reporting EPS of $0.57 versus $0.52 expected and revenue of $249.68 million versus $245.37 million. Portfolio occupancy was 99.2%, while 2026 AFFO guidance was unchanged at $3.55–$3.59 per share.

NNN REIT (NYSE:NNN - Get Free Report) had its price objective lifted by equities research analysts at Royal Bank Of Canada from $42.00 to $43.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price target would suggest a potential upside of 4.31% from the company's previous close.

Several other analysts have also issued reports on NNN. National Bank Financial set a $50.00 target price on NNN REIT in a report on Monday, July 20th. Truist Financial started coverage on NNN REIT in a research note on Thursday, October 1st. They issued a "hold" rating and a $45.00 price target for the company. Weiss Ratings cut shares of NNN REIT from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. B. Riley Financial reiterated a "neutral" rating and set a $47.50 price objective (up from $46.00) on shares of NNN REIT in a research note on Wednesday, August 12th. Finally, Robert W. Baird set a $49.00 target price on shares of NNN REIT in a report on Thursday, August 6th. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.62.

NNN REIT Stock Performance

NYSE NNN traded down $0.41 during trading on Thursday, reaching $41.22. The company's stock had a trading volume of 1,610,905 shares, compared to its average volume of 1,787,421. The firm has a 50 day moving average price of $42.13 and a 200 day moving average price of $44.26. NNN REIT has a 12 month low of $38.90 and a 12 month high of $50.00. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.12.

NNN REIT (NYSE:NNN - Get Free Report) 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. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The company had revenue of $249.68 million for the quarter, compared to analysts' expectations of $245.37 million. As a group, equities analysts anticipate that NNN REIT will post 3.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of NNN REIT in the 2nd quarter worth about $1,242,752,000. Equity Investment Corp boosted its position in 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 last quarter. Bank of America Corp DE bought a new position in NNN REIT during the second quarter valued at about $87,737,000. Bank of New York Mellon Corp bought a new position in shares of NNN REIT during the 2nd quarter valued at approximately $85,430,000. Finally, Jefferies Financial Group Inc. purchased a new stake in NNN REIT in the second quarter worth $66,584,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Key NNN REIT News

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

• Positive Sentiment: Third-quarter revenue of $249.7 million exceeded the roughly $245.4 million consensus, and reported EPS of $0.57 topped the $0.52 estimate. Core FFO rose 5.9% year over year to $0.91 per share. Q3 earnings beat as occupancy increased and portfolio grew
• Positive Sentiment: Operating indicators were strong: portfolio occupancy reached 99.2%, and the company said it sees higher acquisition yields into early 2027. Huntington also initiated coverage with a “strong-buy” rating. NNN REIT Q3 2026 results
• Neutral Sentiment: NNN maintained its 2026 AFFO-per-share guidance of $3.55 to $3.59. Keeping guidance intact provides stability but offers no upward revision to act as a fresh catalyst. Acquisition yields and AFFO guidance
• Negative Sentiment: FFO was in line with analyst expectations despite year-over-year growth, which may temper the impact of the headline earnings and revenue beats. With guidance unchanged, investors may be looking for stronger evidence of improving near-term growth.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.