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

Key Points

• Analysts hold a neutral view of NNN REIT: Fourteen brokerages assign the stock an average “Hold” rating, with a $47.60 12-month price target versus its recent $45.69 share price.
• NNN REIT exceeded quarterly expectations, reporting $0.52 in EPS and $244.27 million in revenue, ahead of analyst estimates. Management provided fiscal 2026 EPS guidance of $3.50–$3.54.
• The company raised its quarterly dividend from $0.60 to $0.62 per share, equivalent to a 5.4% annualized yield, while institutional investors own nearly 90% of the stock.

NNN REIT, Inc. (NYSE:NNN - Get Free Report) has received an average rating of "Hold" from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $47.60.

Several analysts have recently weighed in on the company. B. Riley Financial reissued a "neutral" rating and issued a $47.50 target price (up from $46.00) on shares of NNN REIT in a report on Wednesday, August 12th. Citigroup increased their price objective on NNN REIT from $42.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings cut shares of NNN REIT from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. Huntington started coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $51.00 price target for the company. Finally, Evercore set a $48.00 price target on shares of NNN REIT in a research note on Thursday, August 6th.

NNN REIT Stock Up 0.0%

Shares of NYSE NNN opened at $45.69 on Monday. The stock has a market cap of $8.77 billion, a P/E ratio of 22.40, a PEG ratio of 7.38 and a beta of 0.79. 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 has a 12-month low of $38.90 and a 12-month high of $50.00. The business's fifty day simple moving average is $47.10 and its 200-day simple moving average is $45.29.

NNN REIT (NYSE:NNN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. NNN REIT had a net margin of 40.35% and a return on equity of 8.70%. The firm had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. As a group, equities analysts predict that NNN REIT will post 3.5 EPS for the current fiscal year.

NNN REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change from NNN REIT's previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.4%. NNN REIT's dividend payout ratio is currently 121.57%.

Hedge Funds Weigh In On NNN REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in shares of NNN REIT in the second quarter valued at approximately $19,961,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of NNN REIT during the second quarter worth $1,165,000. Bank of New York Mellon Corp acquired a new stake in shares of NNN REIT during the second quarter worth $85,430,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in NNN REIT in the 2nd quarter valued at $7,590,000. Finally, Orographic Financial Advisors LLC purchased a new position in NNN REIT in the 1st quarter valued at $1,255,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

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.

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