NNN REIT, Inc. (NYSE:NNN) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts rate NNN REIT “Hold” overall: Of 14 covering firms, eight recommend holding, four recommend buying and two recommend selling. The average 12-month price target is $47.53, above the reported $41.16 share price.
• Institutional ownership remains high: Hedge funds and other institutional investors own approximately 89.96% of NNN REIT, with several firms recently increasing or initiating positions.
• The dividend was increased: NNN REIT raised its quarterly dividend from $0.60 to $0.62 per share, equating to $2.48 annually and a roughly 6% yield, although its payout ratio is elevated at 121.57%.

NNN REIT, Inc. (NYSE:NNN - Get Free Report) has received an average recommendation of "Hold" from the fourteen research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.53.

A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of NNN REIT from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, September 14th. Evercore set a $47.00 target price on shares of NNN REIT in a research report on Monday. Barclays lifted their target price on shares of NNN REIT from $45.00 to $47.00 and gave the company an "underweight" rating in a research note on Friday, September 4th. National Bank Financial set a $50.00 price target on shares of NNN REIT in a report on Monday, July 20th. Finally, Jefferies Financial Group assumed coverage on shares of NNN REIT in a research note on Monday, June 1st. They issued a "hold" rating and a $47.00 price target on the stock.

Institutional Investors Weigh In On NNN REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in NNN REIT by 155.8% in the second quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust's stock worth $26,000 after buying an additional 335 shares during the last quarter. Clearstead Trust LLC bought a new position in NNN REIT during the second quarter valued at approximately $27,000. Avalon Trust Co acquired a new stake in NNN REIT in the second quarter valued at approximately $38,000. Root Financial Partners LLC lifted its stake in NNN REIT by 3,354.1% in the first quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,241 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in NNN REIT in the first quarter worth approximately $76,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

NNN REIT Stock Down 0.4%

NYSE:NNN opened at $41.16 on Friday. The business's fifty day moving average price is $45.71 and its 200 day moving average price is $45.13. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 6.72 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 1-year low of $38.90 and a 1-year high of $50.00.

NNN REIT (NYSE:NNN - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $244.27 million for the quarter, compared to analysts' expectations of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%.NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, sell-side analysts forecast that NNN REIT will post 3.51 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from NNN REIT's previous quarterly dividend of $0.60. NNN REIT's payout ratio is currently 121.57%.

NNN REIT Company Profile

NNN REIT NYSE: NNN is a real estate investment trust that owns and manages a diversified portfolio of retail properties across the United States. The company primarily invests in freestanding properties that are leased to tenants under long-term, triple-net agreements, which generally require tenants to pay property taxes, insurance and maintenance costs in addition to rent.

NNN REIT's properties serve a range of retail and service-oriented businesses, including convenience stores, restaurants, automotive service locations, auto parts retailers and other necessity-based retailers.

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