NNN REIT, Inc. (NYSE:NNN) Given Average Recommendation of "Hold" by 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 been given an average recommendation of "Hold" by the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $44.5385.

Several equities research analysts have commented on NNN shares. Barclays lowered shares of NNN REIT from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, July 22nd. Evercore ISI raised 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. Finally, UBS Group raised 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Chung Wu Investment Group LLC acquired a new position in shares of NNN REIT during the second quarter valued at approximately $30,000. Brooklyn Investment Group increased its stake 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 valued at $34,000 after acquiring an additional 469 shares during the period. Putney Financial Group LLC acquired a new position in shares of NNN REIT during the fourth quarter valued at approximately $38,000. Inlight Wealth Management LLC acquired a new position in shares of NNN REIT during the first quarter valued at approximately $57,000. Finally, NBC Securities Inc. increased its stake in shares of NNN REIT by 104,000.0% during the first quarter. NBC Securities Inc. now owns 2,082 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 2,080 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

NNN REIT Stock Performance

NYSE:NNN opened at $41.6330 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $42.57 and a two-hundred day moving average of $41.69. The stock has a market cap of $7.86 billion, a P/E ratio of 19.83, a PEG ratio of 3.70 and a beta of 0.92. NNN REIT has a 1-year low of $35.80 and a 1-year high of $49.57.

NNN REIT (NYSE:NNN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $226.80 million for the quarter, compared to analysts' expectations of $224.26 million. NNN REIT had a net margin of 43.90% and a return on equity of 9.00%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. 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 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.60 per share. This is a boost from NNN REIT's previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Thursday, July 31st. NNN REIT's dividend payout ratio (DPR) is 114.29%.

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.

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