NNN REIT (NYSE:NNN) Earns Hold (C) Rating from Weiss Ratings

Key Points

• NNN REIT has been assigned a "hold (c)" rating by Weiss Ratings, amidst mixed opinions from other analysts who have recently downgraded or upgraded their ratings.
• The stock’s current trading price is around $42.14, with a market capitalization of $7.96 billion and a P/E ratio of 20.08.
• NNN REIT reported a quarterly earnings increase to $0.85 EPS, surpassing analyst expectations, and projects an EPS guidance of 3.340-3.390 for FY 2025.

NNN REIT (NYSE:NNN - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently weighed in on NNN. Barclays cut NNN REIT from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, July 22nd. B. Riley boosted their price objective on NNN REIT from $43.00 to $44.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Wells Fargo & Company reduced their price objective on NNN REIT from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Evercore ISI boosted their price objective on NNN REIT from $44.00 to $46.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Finally, UBS Group boosted their price objective on NNN REIT from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $44.42.

NNN REIT Price Performance

Shares of NNN traded up $0.13 during mid-day trading on Wednesday, hitting $42.14. The company's stock had a trading volume of 42,846 shares, compared to its average volume of 1,271,384. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm has a 50-day simple moving average of $42.25 and a 200 day simple moving average of $41.99. The firm has a market capitalization of $7.96 billion, a P/E ratio of 20.08, a P/E/G ratio of 4.01 and a beta of 0.95. 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 posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The business had revenue of $226.80 million during the quarter, compared to analysts' expectations of $224.26 million. NNN REIT had a return on equity of 9.00% and a net margin of 43.90%.The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. NNN REIT has set its FY 2025 guidance at 3.340-3.390 EPS. Analysts predict that NNN REIT will post 3.33 EPS for the current fiscal year.

Hedge Funds Weigh In On NNN REIT

Institutional investors have recently made changes to their positions in the stock. Chung Wu Investment Group LLC bought a new position in shares of NNN REIT during the second quarter valued at approximately $30,000. Brooklyn Investment Group boosted its position 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 buying an additional 469 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of NNN REIT during the first quarter worth approximately $57,000. Strengthening Families & Communities LLC boosted its position in shares of NNN REIT by 19.5% during the first quarter. Strengthening Families & Communities LLC now owns 2,283 shares of the real estate investment trust's stock worth $97,000 after buying an additional 372 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of NNN REIT by 25.6% during the first quarter. Farther Finance Advisors LLC now owns 2,682 shares of the real estate investment trust's stock worth $114,000 after buying an additional 546 shares during the period. 89.96% of the stock is owned by institutional investors.

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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