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

Key Points

• NNN REIT has received a "Hold (C)" rating from Weiss Ratings, with mixed reviews from various financial institutions regarding its share price target.
• The stock's price decreased by 0.3% on a recent trading day, with a current market price of $42.14 and a market cap of $7.95 billion.
• In its latest earnings report, NNN REIT surpassed earnings expectations with $0.85 EPS, along with revenue growth of 4.6% year-over-year.

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

NNN has been the subject of several other reports. Wells Fargo & Company decreased their price objective on shares of NNN REIT from $44.00 to $43.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Evercore ISI increased their price objective on shares of NNN REIT from $44.00 to $46.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. UBS Group increased their price objective on shares of NNN REIT from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. B. Riley increased their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, September 29th. Finally, Barclays decreased their price objective on shares of NNN REIT from $44.00 to $43.00 and set an "underweight" rating for the company in a research report on Monday, October 20th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $44.33.

NNN REIT Stock Down 0.3%

Shares of NNN REIT stock opened at $42.14 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. NNN REIT has a 1 year low of $35.80 and a 1 year high of $47.76. The firm's 50-day moving average is $42.38 and its two-hundred day moving average is $42.10. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 4.01 and a beta of 0.95.

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, topping the consensus estimate 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 business earned $0.84 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. NNN REIT has set its FY 2025 guidance at 3.340-3.390 EPS. As a group, research analysts expect that NNN REIT will post 3.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NNN REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Red Spruce Capital LLC grew its stake in NNN REIT by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 48,252 shares of the real estate investment trust's stock valued at $2,084,000 after acquiring an additional 345 shares during the period. Strengthening Families & Communities LLC boosted its stake in NNN REIT by 19.5% during the 1st quarter. Strengthening Families & Communities LLC now owns 2,283 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 372 shares during the last quarter. Brooklyn Investment Group boosted its stake in NNN REIT by 140.8% during the 1st 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. Chung Wu Investment Group LLC acquired a new stake in NNN REIT during the 2nd quarter worth $30,000. Finally, Fiduciary Alliance LLC boosted its stake in NNN REIT by 21.0% during the 3rd quarter. Fiduciary Alliance LLC now owns 5,699 shares of the real estate investment trust's stock worth $243,000 after purchasing an additional 991 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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