NNN REIT (NYSE:NNN) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• NNN REIT shares rose above their 200-day moving average, trading as high as $44.94 and last changing hands around $44.53, suggesting improving technical momentum.
• Analysts are mixed but slightly constructive: the stock has an average “Hold” rating and a consensus price target of $45.46, with several firms recently lifting targets into the mid- to upper-$40s.
• The company reported solid revenue but slightly missed EPS expectations in its latest quarter, while also paying a $0.60 quarterly dividend that annualizes to a 5.4% yield.

Shares of NNN REIT, Inc. (NYSE:NNN - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.66 and traded as high as $44.94. NNN REIT shares last traded at $44.5330, with a volume of 2,082,858 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays increased their price target on NNN REIT from $43.00 to $45.00 and gave the stock an "underweight" rating in a report on Tuesday, April 21st. Citigroup lifted their price objective on NNN REIT from $42.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Robert W. Baird set a $46.00 target price on NNN REIT in a research note on Thursday, February 12th. Stifel Nicolaus set a $48.50 target price on shares of NNN REIT in a report on Wednesday, February 11th. Finally, Morgan Stanley lifted their price target on shares of NNN REIT from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, NNN REIT has an average rating of "Hold" and an average price target of $45.46.

NNN REIT Trading Down 0.7%

The company has a market cap of $8.47 billion, a P/E ratio of 21.62, a P/E/G ratio of 7.29 and a beta of 0.82. The business's 50-day moving average price is $43.84 and its 200 day moving average price is $42.66. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63.

NNN REIT (NYSE:NNN - Get Free Report) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The firm had revenue of $240.42 million during the quarter, compared to the consensus estimate of $237.76 million. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, analysts expect that NNN REIT, Inc. will post 3.49 earnings per share for the current year.

NNN REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Thursday, April 30th. NNN REIT's dividend payout ratio is 116.50%.

Insider Buying and Selling at NNN REIT

In other NNN REIT news, EVP Jonathan Adamo sold 6,000 shares of the company's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $44.99, for a total value of $269,940.00. Following the transaction, the executive vice president directly owned 126,358 shares in the company, valued at $5,684,846.42. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $44.98, for a total transaction of $1,492,976.16. Following the completion of the transaction, the chief executive officer directly owned 822,711 shares in the company, valued at $37,005,540.78. The trade was a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Orographic Financial Advisors LLC bought a new position in NNN REIT in the 1st quarter valued at about $1,255,000. Arkadios Wealth Advisors bought a new stake in shares of NNN REIT during the first quarter worth approximately $245,000. EverSource Wealth Advisors LLC grew its position in shares of NNN REIT by 11.2% in the first quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 658 shares during the last quarter. Parallel Advisors LLC grew its position in shares of NNN REIT by 23.3% in the first quarter. Parallel Advisors LLC now owns 8,276 shares of the real estate investment trust's stock valued at $348,000 after purchasing an additional 1,566 shares during the last quarter. Finally, DGS Capital Management LLC increased its stake in shares of NNN REIT by 70.8% during the first quarter. DGS Capital Management LLC now owns 10,486 shares of the real estate investment trust's stock worth $441,000 after purchasing an additional 4,348 shares during the period. 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.

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