NNN REIT, Inc. (NYSE:NNN) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• NNN REIT has a consensus “Hold” rating from 15 analysts, with 10 holds, three buys and two sells; the average 12-month price target is $47.12 versus a recent share price of $40.84.
• Institutional ownership is substantial at 89.96%, with BlackRock and several other major financial firms establishing or expanding positions during the second quarter.
• NNN REIT reported quarterly EPS of $0.52, exceeding estimates, and declared a $0.62 quarterly dividend. The annualized dividend is $2.48, representing a 6.1% yield, though the payout ratio is elevated at 121.57%.

NNN REIT, Inc. (NYSE:NNN - Get Free Report) has earned an average rating of "Hold" from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $47.12.

Several analysts have recently weighed in on NNN shares. Barclays boosted their price target on NNN REIT from $45.00 to $47.00 and gave the stock an "underweight" rating in a report on Friday, September 4th. Morgan Stanley raised NNN REIT from an "equal weight" rating to an "overweight" rating and set a $50.00 price objective for the company in a research note on Monday, September 21st. Wall Street Zen upgraded shares of NNN REIT from a "sell" rating to a "hold" rating in a report on Sunday, June 28th. Robert W. Baird set a $49.00 target price on shares of NNN REIT in a research report on Thursday, August 6th. Finally, Truist Financial began coverage on shares of NNN REIT in a research report on Thursday, October 1st. They set a "hold" rating and a $45.00 target price on the stock.

Hedge Funds Weigh In On NNN REIT

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of NNN REIT in the 2nd quarter valued at $1,242,752,000. Bank of America Corp DE acquired a new stake in shares of NNN REIT during the second quarter worth $87,737,000. Bank of New York Mellon Corp acquired a new stake in shares of NNN REIT during the second quarter worth $85,430,000. Equity Investment Corp acquired a new stake in shares of NNN REIT during the second quarter worth $77,566,000. Finally, Jefferies Financial Group Inc. bought a new position in NNN REIT during the second quarter worth $66,584,000. Institutional investors and hedge funds own 89.96% of the company's stock.

NNN REIT Trading Down 1.7%

Shares of NNN stock opened at $40.84 on Tuesday. The firm has a market capitalization of $7.84 billion, a P/E ratio of 20.02, a P/E/G ratio of 6.69 and a beta of 0.78. NNN REIT has a twelve month low of $38.90 and a twelve month high of $50.00. 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 stock's fifty day simple moving average is $43.18 and its 200 day simple moving average is $44.78.

NNN REIT (NYSE:NNN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. The business had revenue of $244.27 million during 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. As a group, sell-side analysts predict that NNN REIT will post 3.52 EPS for the current fiscal year.

NNN REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, October 30th. NNN REIT's dividend payout ratio is 121.57%.

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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