NNN REIT (NYSE:NNN - Get Free Report) was upgraded by BNP Paribas from an "underperform" rating to a "neutral" rating in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a $42.00 price target on the real estate investment trust's stock. BNP Paribas' price target suggests a potential upside of 1.01% from the company's current price.
NNN REIT Stock Performance
Shares of NYSE NNN traded up $0.89 during mid-day trading on Thursday, hitting $41.58. The stock had a trading volume of 1,692,999 shares, compared to its average volume of 1,425,303. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day moving average of $41.39 and a two-hundred day moving average of $40.70. NNN REIT has a twelve month low of $34.38 and a twelve month high of $44.96. The firm has a market cap of $7.60 billion, a PE ratio of 19.03, a PEG ratio of 4.71 and a beta of 1.00.
Institutional Investors Weigh In On NNN REIT
A number of institutional investors have recently modified their holdings of NNN. Lindbrook Capital LLC grew its position in shares of NNN REIT by 77.0% during the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 328 shares during the period. First United Bank & Trust acquired a new stake in shares of NNN REIT during the 4th quarter valued at about $39,000. GAMMA Investing LLC acquired a new stake in shares of NNN REIT during the 4th quarter valued at about $39,000. Riverview Trust Co purchased a new position in NNN REIT in the 1st quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in NNN REIT by 1,703.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,731 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 1,635 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.
NNN REIT Company Profile
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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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