NNN REIT (NYSE:NNN) Price Target Raised to $44.00 at UBS Group

Key Points

• UBS Group has increased its price target for NNN REIT from $42.00 to $44.00, suggesting a potential upside of 6.71% from the current price.
• NNN REIT’s stock has received varying ratings, with analysts giving it a majority “Hold” consensus and an average target price of $44.54.
• The company reported $0.85 earnings per share for the last quarter, slightly exceeding analysts' expectations, with a revenue increase of 4.6% year-over-year.

NNN REIT (NYSE:NNN - Get Free Report) had its price objective boosted by analysts at UBS Group from $42.00 to $44.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective would suggest a potential upside of 4.03% from the stock's previous close.

Several other equities research analysts have also issued reports on NNN. Barclays lowered NNN REIT from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, July 22nd. Evercore ISI raised their price objective on NNN REIT from $43.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, NNN REIT has an average rating of "Hold" and a consensus target price of $44.54.

NNN REIT Trading Up 1.6%

Shares of NYSE:NNN traded up $0.6750 during trading on Friday, hitting $42.2950. The company had a trading volume of 1,196,081 shares, compared to its average volume of 1,289,566. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 3.70 and a beta of 0.92. NNN REIT has a one year low of $35.80 and a one year high of $49.57. The company has a fifty day simple moving average of $42.57 and a two-hundred day simple moving average of $41.69. 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 (NYSE:NNN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.85 earnings per share (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 analyst estimates of $224.26 million. NNN REIT had a return on equity of 9.00% and a net margin of 43.90%.The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. NNN REIT has set its FY 2025 guidance at 3.340-3.390 EPS. As a group, equities analysts forecast that NNN REIT will post 3.33 earnings per share for the current year.

Hedge Funds Weigh In On NNN REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. Chung Wu Investment Group LLC acquired a new position in shares of NNN REIT in the 2nd quarter valued at about $30,000. Brooklyn Investment Group lifted its holdings in shares of NNN REIT by 140.8% in the 1st quarter. Brooklyn Investment Group now owns 802 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 469 shares during the period. Putney Financial Group LLC acquired a new position in shares of NNN REIT in the 4th quarter valued at about $38,000. Inlight Wealth Management LLC acquired a new position in shares of NNN REIT in the 1st quarter valued at about $57,000. Finally, NBC Securities Inc. lifted its holdings in shares of NNN REIT by 104,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,082 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 2,080 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

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.