NNN REIT (NYSE:NNN) Price Target Raised to $47.00

Key Points

• Royal Bank of Canada raised NNN REIT’s price target from $44 to $47 while maintaining a “sector perform” rating; the new target implies only about 0.12% upside. Analysts’ consensus remains “Hold,” with a $47.30 average target.
• NNN REIT exceeded second-quarter expectations, reporting $0.52 in EPS and $244.27 million in revenue versus estimates of $0.51 and $240.19 million, respectively. The company’s 2026 EPS guidance is $3.50–$3.54, slightly above the $3.49 consensus.
• The stock fell 0.9% to $46.95, while institutional investors continued to hold significant exposure, owning approximately 89.96% of shares.

NNN REIT (NYSE:NNN - Get Free Report) had its price target upped by equities researchers at Royal Bank Of Canada from $44.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's target price points to a potential upside of 0.12% from the company's current price.

Other analysts have also issued reports about the stock. National Bank Financial set a $50.00 price objective on shares of NNN REIT in a research note on Monday, July 20th. Citigroup raised their price target on shares of NNN REIT from $42.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Barclays boosted their price objective 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. Robert W. Baird set a $49.00 price objective on NNN REIT in a research report on Thursday. Finally, Weiss Ratings raised NNN REIT from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $47.30.

NNN REIT Stock Down 0.9%

NNN stock traded down $0.41 on Thursday, reaching $46.95. 442,012 shares of the company traded hands, compared to its average volume of 1,628,293. The firm has a fifty day simple moving average of $46.78 and a 200-day simple moving average of $44.84. The company has a market cap of $8.93 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 7.27 and a beta of 0.79. NNN REIT has a one year low of $38.90 and a one year high of $50.00. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 0.63.

NNN REIT (NYSE:NNN - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The firm had revenue of $244.27 million for the quarter, compared to analysts' expectations of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Research analysts anticipate that NNN REIT will post 3.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in NNN REIT during the second quarter valued at $85,430,000. SG Americas Securities LLC raised its position in shares of NNN REIT by 798.2% during the 1st quarter. SG Americas Securities LLC now owns 268,872 shares of the real estate investment trust's stock valued at $11,301,000 after buying an additional 238,938 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of NNN REIT in the 1st quarter valued at about $2,165,000. Tudor Investment Corp ET AL purchased a new position in NNN REIT in the fourth quarter worth about $1,300,000. Finally, Horizon Investments LLC increased its stake in NNN REIT by 65.0% during the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust's stock worth $3,230,000 after acquiring an additional 30,333 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Key NNN REIT News

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: NNN REIT reported second-quarter 2026 EPS of $0.52, topping the $0.51 consensus estimate, while revenue of $244.27 million exceeded expectations of $240.19 million. Funds from operations (FFO) reached $0.90 per share, up from $0.85 a year earlier and above the $0.89 estimate. NNN REIT Announces Second Quarter 2026 Results
• Positive Sentiment: The company raised or reaffirmed its 2026 outlook, targeting EPS of $3.50 to $3.54 versus the $3.49 analyst consensus. Management also increased the midpoint of its 2026 acquisition target to approximately $750 million and forecast AFFO of $3.55 to $3.59 per share, signaling continued investment and steady growth. NNN REIT Boosts Year Guidance After Q2 Earnings Beat
• Neutral Sentiment: Management’s earnings call emphasized stable operating performance and a constructive growth outlook, but the updates largely reinforce the company’s existing strategy rather than represent a major change in its business profile. National Retail Properties Signals Steady Growth Ahead
• Negative Sentiment: Analysts’ consensus recommendation remains “Hold,” indicating that Wall Street sees limited near-term upside despite the earnings beat and guidance update. This neutral rating may be contributing to muted investor reaction. NNN REIT Receives Consensus Hold Recommendation

About NNN REIT

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.

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