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

Key Points

• NNN REIT, Inc. has received an average analyst recommendation of "Hold", with two analysts rating the stock as a sell, ten as a hold, and two as a buy.
• The company's stock price target averages $44.54 among analysts, reflecting slight upward revisions by firms like Evercore ISI and UBS Group.
• NNN REIT recently increased its quarterly dividend to $0.60 per share, demonstrating a strong commitment to returning value to shareholders, despite a high dividend payout ratio of 114.29%.

Shares of NNN REIT, Inc. (NYSE:NNN - Get Free Report) have earned a consensus rating of "Reduce" from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $44.25.

NNN has been the topic of a number of research reports. UBS Group upped their price target on shares of NNN REIT from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Barclays lowered shares of NNN REIT from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, July 22nd. Finally, Evercore ISI upped their price target on shares of NNN REIT from $43.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, July 2nd.

NNN REIT Stock Performance

Shares of NNN stock traded up $0.2870 on Wednesday, reaching $42.4170. The stock had a trading volume of 1,191,818 shares, compared to its average volume of 1,482,772. 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 firm's 50-day moving average is $42.56 and its two-hundred day moving average is $41.78. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 3.86 and a beta of 0.92. NNN REIT has a 12 month low of $35.80 and a 12 month high of $49.57.

NNN REIT (NYSE:NNN - Get Free Report) last issued 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 net margin of 43.90% and a return on equity of 9.00%. The company had revenue of $226.80 million for the quarter, compared to analysts' expectations of $224.26 million. During the same period in the prior year, the firm earned $0.84 EPS. NNN REIT's quarterly 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. On average, research analysts expect that NNN REIT will post 3.33 EPS for the current fiscal year.

NNN REIT Increases Dividend

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

Institutional Trading of NNN REIT

Institutional investors have recently bought and sold shares of the business. Chung Wu Investment Group LLC bought a new stake in NNN REIT in the 2nd quarter valued at about $30,000. Brooklyn Investment Group raised its position in shares of NNN REIT by 140.8% in the 1st quarter. Brooklyn Investment Group now owns 802 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 469 shares in the last quarter. Putney Financial Group LLC acquired a new position in shares of NNN REIT in the 4th quarter valued at approximately $38,000. Inlight Wealth Management LLC acquired a new position in shares of NNN REIT in the 1st quarter valued at approximately $57,000. Finally, NBC Securities Inc. raised its position 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 buying an additional 2,080 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

About NNN REIT

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.