NNN REIT (NNN) Stock Price, News & Analysis

Company Overview

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. The company completed its initial public offering in the mid-1990s and has since pursued an investment strategy centered on single-tenant properties, favoring assets with established operators and favorable demographic catchments. By focusing on necessity-based retail, NNN REIT aims to mitigate volatility associated with broader economic cycles and consumer spending patterns.

Today, NNN REIT’s portfolio encompasses over 3,000 properties situated in nearly every U.S. state. Its tenant roster spans a mix of investment-grade credits and regional brands, reflecting a diversified industry exposure that ranges from fuel and convenience operations to value-oriented general merchandise and specialty service outlets. The company’s geographical reach and tenant mix are continually evaluated to maintain a balance between growth opportunities and risk management.

Leadership at NNN REIT includes President and Chief Executive Officer Michael A. Cushing, who oversees corporate strategy, acquisitions and operational execution, along with a senior management team experienced in real estate finance and asset management. Through a disciplined approach to portfolio expansion, lease structuring and capital allocation, NNN REIT aims to deliver long-term value for its shareholders while supporting the growth of essential retail services nationwide.

Key Stats

• Today's Range: $41.70 to $42.19
• 50-Day Range: $40.72 to $43.39
• 52-Week Range: $35.80 to $49.57
• Volume: 1.13 million shs
• Average Volume: 1.21 million shs
• Market Capitalization: $7.95 billion
• P/E Ratio: 20.06
• Dividend Yield: 5.70%
• Price Target: $44.33
• Consensus Rating: Reduce

NNN REIT Stock Analysis - MarketRank™

NNN REIT scored higher than 80% of companies evaluated by MarketBeat, and ranked 289th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Reduce

Consensus Rating

NNN REIT has received a consensus rating of Reduce. The company's average rating score is 1.92, and is based on 1 buy rating, 10 hold ratings, and 2 sell ratings.

Upside/Downside

The consensus price target for NNN REIT is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

NNN REIT has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.41%

Earnings Growth

Earnings for NNN REIT are expected to grow by 5.41% in the coming year, from $3.33 to $3.51 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NNN REIT is 20.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.89.

Price to Earnings Ratio vs. Sector

The P/E ratio of NNN REIT is 20.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 241.27.

Price to Earnings Growth Ratio

NNN REIT has a PEG Ratio of 3.80. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

NNN REIT has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.24% of the float of NNN REIT has been sold short.

Short Interest Ratio / Days to Cover

NNN REIT has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NNN REIT has recently increased by 9.11%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

NNN REIT is a leading dividend payer. It pays a dividend yield of 5.74%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

NNN REIT has been increasing its dividend for 35 years.

Dividend Coverage

The dividend payout ratio of NNN REIT is 114.29%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, NNN REIT will have a dividend payout ratio of 68.38% next year. This indicates that NNN REIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -2.55

Percentage of Shares Shorted

2.24% of the float of NNN REIT has been sold short.

Short Interest Ratio / Days to Cover

NNN REIT has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NNN REIT has recently increased by 9.11%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.81

News Sentiment

NNN REIT has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.96 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for NNN REIT this week, compared to 6 articles on an average week.

Search Interest

Only 27 people have searched for NNN on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

10 people have added NNN REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NNN REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.90% of the stock of NNN REIT is held by insiders.

Percentage Held by Institutions

89.96% of the stock of NNN REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NNN Stock Analysis - Frequently Asked Questions

How have NNN shares performed this year?

NNN REIT's stock was trading at $40.85 on January 1st, 2025. Since then, NNN stock has increased by 3.1% and is now trading at $42.1250.

How were NNN REIT's earnings last quarter?

NNN REIT, Inc. (NYSE:NNN) issued its quarterly earnings data on Tuesday, August, 5th. The real estate investment trust reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. NNN REIT's revenue was up 4.6% on a year-over-year basis.
Read the conference call transcript.

Who are NNN REIT's major shareholders?

NNN REIT's top institutional investors include Sound Income Strategies LLC (0.22%), Captrust Financial Advisors (0.06%), Handelsbanken Fonder AB (0.03%) and Red Spruce Capital LLC (0.03%). Insiders that own company stock include Christopher Paul Tessitore, Michelle Lynn Miller and Jonathan Adamo.
View institutional ownership trends.

How do I buy shares of NNN REIT?

Shares of NNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of NNN REIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NNN REIT investors own include Verizon Communications (VZ), Realty Income (O), Enterprise Products Partners (EPD), Exxon Mobil (XOM), AbbVie (ABBV), AT&T (T) and Cenovus Energy (CVE).

Company Calendar

• Record date for 8/15 Dividend: 7/31/2025
• Ex-Dividend for 8/15 Dividend: 7/31/2025
• Last Earnings: 8/05/2025
• Dividend Payable: 8/15/2025
• Today: 9/23/2025
• Next Earnings (Estimated): 10/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:NNN
• CIK: 751364
• Web: www.nnnreit.com
• Phone: (407) 265-7348
• Fax: 407-650-3650
• Employees: 80
• Year Founded: 1984

Price Target and Rating

• Average Price Target for NNN REIT: $44.33
• High Price Target: $48.00
• Low Price Target: $43.00
• Potential Upside/Downside: +5.2%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.92
• Research Coverage: 13 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.10
• Trailing P/E Ratio: 20.06
• Forward P/E Ratio: 12.65
• P/E Growth: 3.8
• Net Income: $396.83 million
• Net Margins: 43.90%
• Pretax Margin: 43.90%
• Return on Equity: 9.00%
• Return on Assets: 4.37%

Debt

• Debt-to-Equity Ratio: 1.06
• Current Ratio: 1.40
• Quick Ratio: 1.40

Sales & Book Value

• Annual Sales: $869.27 million
• Price / Sales: 9.15
• Cash Flow: $3.53 per share
• Price / Cash Flow: 11.92
• Book Value: $23.26 per share
• Price / Book: 1.81

Miscellaneous

• Outstanding Shares: 188,780,000
• Free Float: 187,083,000
• Market Cap: $7.95 billion
• Optionable: Optionable
• Beta: 0.95