NNN REIT, Inc. (NYSE:NNN) Given Average Rating of "Reduce" by Brokerages

Key Points

• NNN REIT, Inc. has received an average rating of "Reduce" from brokerages, with two sell ratings, eleven holds, and one buy rating.
• The company's stock has a 52-week range between $35.80 and $49.57, currently trading around $42.05.
• NNN REIT recently declared a quarterly dividend of $0.60, up from the previous $0.58, representing a yield of 5.7%.

Shares of NNN REIT, Inc. (NYSE:NNN - Get Free Report) have been assigned an average recommendation of "Reduce" from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $44.4167.

Several brokerages recently weighed in on NNN. B. Riley raised their target price on shares of NNN REIT from $43.00 to $44.00 and gave the company a "neutral" rating in a report on Monday, September 29th. Barclays lowered shares of NNN REIT from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, July 22nd. Wells Fargo & Company lowered their target price on shares of NNN REIT from $44.00 to $43.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Weiss Ratings restated a "hold (c)" rating on shares of NNN REIT in a research note on Wednesday. Finally, UBS Group upped their price objective on NNN REIT from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th.

NNN REIT Stock Performance

NYSE:NNN opened at $42.05 on Thursday. NNN REIT has a 52 week low of $35.80 and a 52 week high of $49.57. The company has a fifty day simple moving average of $42.25 and a two-hundred day simple moving average of $41.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 4.01 and a beta of 0.95.

NNN REIT (NYSE:NNN - Get Free Report) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. NNN REIT had a return on equity of 9.00% and a net margin of 43.90%.The firm had revenue of $226.80 million during the quarter, compared to analyst estimates of $224.26 million. During the same period last year, the business posted $0.84 earnings per share. NNN REIT's revenue was up 4.6% compared to the same quarter last year. NNN REIT has set its FY 2025 guidance at 3.340-3.390 EPS. As a group, equities analysts anticipate that NNN REIT will post 3.33 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.60 dividend. This is an increase from NNN REIT's previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 5.7%. The ex-dividend date was Thursday, July 31st. NNN REIT's payout ratio is currently 114.29%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Chung Wu Investment Group LLC purchased a new position in shares of NNN REIT in the 2nd quarter valued at $30,000. Brooklyn Investment Group grew its holdings in shares of NNN REIT by 140.8% during the first quarter. Brooklyn Investment Group now owns 802 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 469 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of NNN REIT during the first quarter worth about $57,000. NBC Securities Inc. lifted its holdings in shares of NNN REIT by 104,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,082 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of NNN REIT by 19.5% in the 1st quarter. Strengthening Families & Communities LLC now owns 2,283 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 372 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

NNN REIT Company Profile

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.

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