NNN REIT (NYSE:NNN) Price Target Raised to $46.00 at Citigroup

NNN REIT (NYSE:NNN - Get Free Report) had its target price upped by investment analysts at Citigroup from $42.00 to $46.00 in a report released on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price target suggests a potential upside of 3.25% from the stock's previous close.

Several other brokerages also recently weighed in on NNN. BNP Paribas Exane raised their price target on NNN REIT from $43.00 to $44.00 and gave the stock a "strong sell" rating in a report on Thursday, February 12th. Royal Bank Of Canada boosted their target price on shares of NNN REIT from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Friday, May 1st. Barclays raised their price target on shares of NNN REIT from $43.00 to $45.00 and gave the stock an "underweight" rating in a report on Tuesday, April 21st. Stifel Nicolaus set a $48.50 price objective on shares of NNN REIT in a report on Wednesday, February 11th. Finally, UBS Group raised their target price on NNN REIT from $43.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.46.

NNN REIT Stock Down 0.4%

NYSE:NNN traded down $0.16 during midday trading on Thursday, reaching $44.55. 1,742,179 shares of the stock traded hands, compared to its average volume of 1,559,728. The stock has a market capitalization of $8.48 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 5.36 and a beta of 0.82. NNN REIT has a 12-month low of $38.90 and a 12-month high of $46.03. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day moving average of $44.01 and a two-hundred day moving average of $42.28.

NNN REIT (NYSE:NNN - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $240.01 million during the quarter, compared to analysts' expectations of $237.76 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.NNN REIT's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. On average, equities analysts forecast that NNN REIT will post 3.48 earnings per share for the current fiscal year.

Insider Buying and Selling at NNN REIT

In other NNN REIT news, CEO Stephen A. Horn, Jr. sold 33,192 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $44.98, for a total value of $1,492,976.16. Following the completion of the transaction, the chief executive officer owned 822,711 shares in the company, valued at approximately $37,005,540.78. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Adamo sold 6,000 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.99, for a total transaction of $269,940.00. Following the sale, the executive vice president directly owned 126,358 shares in the company, valued at approximately $5,684,846.42. The trade was a 4.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NNN REIT

A number of large investors have recently bought and sold shares of NNN. SG Americas Securities LLC grew its holdings in NNN REIT by 798.2% in the first quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust's stock valued at $11,301,000 after purchasing an additional 238,938 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of NNN REIT in the first quarter valued at approximately $2,165,000. Sound Income Strategies LLC raised its stake in shares of NNN REIT by 8.0% during the 4th quarter. Sound Income Strategies LLC now owns 469,045 shares of the real estate investment trust's stock worth $20,000,000 after buying an additional 34,852 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of NNN REIT during the 4th quarter valued at approximately $1,300,000. Finally, Horizon Investments LLC lifted its position in shares of NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust's stock valued at $3,230,000 after buying an additional 30,333 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

NNN REIT Company Profile

NNN REIT NYSE: NNN, formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.