NNN REIT, Inc. (NYSE:NNN) Given Consensus Rating of "Hold" by Analysts

NNN REIT, Inc. (NYSE:NNN - Get Free Report) has earned a consensus rating of "Hold" from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $44.62.

A number of research analysts have recently weighed in on NNN shares. UBS Group cut their price objective on NNN REIT from $44.00 to $43.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Evercore ISI raised their price target on NNN REIT from $43.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of NNN REIT from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Finally, Barclays reduced their price objective on shares of NNN REIT from $47.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday, May 21st.

Institutional Trading of NNN REIT

Several hedge funds have recently modified their holdings of the business. Brooklyn Investment Group increased its holdings in NNN REIT by 140.8% in the first 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 stake in shares of NNN REIT in the 4th quarter worth approximately $38,000. Lindbrook Capital LLC boosted its position in NNN REIT by 43.3% during the fourth quarter. Lindbrook Capital LLC now owns 1,010 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 305 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in NNN REIT during the fourth quarter worth $42,000. Finally, Inlight Wealth Management LLC acquired a new stake in NNN REIT in the first quarter valued at $57,000. 89.96% of the stock is owned by institutional investors and hedge funds.

NNN REIT Trading Down 0.3%

Shares of NNN traded down $0.13 during trading hours on Tuesday, reaching $43.56. 862,194 shares of the company traded hands, compared to its average volume of 1,202,600. NNN REIT has a 12 month low of $35.80 and a 12 month high of $49.57. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.03. The company's fifty day moving average price is $41.92 and its two-hundred day moving average price is $41.11. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 4.09 and a beta of 0.92.

NNN REIT (NYSE:NNN - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $230.85 million for the quarter, compared to the consensus estimate of $219.68 million. NNN REIT had a return on equity of 9.23% and a net margin of 45.09%. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. Equities research analysts predict that NNN REIT will post 3.33 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Wednesday, April 30th. NNN REIT's dividend payout ratio (DPR) is presently 108.41%.

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.