NNN REIT (NNN) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NNN REIT in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NNN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NNN, but not buy additional shares or sell existing shares.
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10 Wall Street research analysts have issued 1 year target prices for NNN REIT's stock. Their NNN share price forecasts range from $42.00 to $52.00. On average, they predict the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 23.2% from the stock's current price.
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NNN REIT's stock was trading at $45.76 at the beginning of the year. Since then, NNN shares have decreased by 16.6% and is now trading at $38.1550.
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NNN REIT saw a drop in short interest in August. As of August 15th, there was short interest totaling 3,200,000 shares, a drop of 31.8% from the July 31st total of 4,690,000 shares. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is presently 2.3 days.
View NNN REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our NNN earnings forecast.

NNN REIT, Inc. (NYSE:NNN) posted its quarterly earnings results on Tuesday, May, 2nd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The real estate investment trust had revenue of $204.11 million for the quarter, compared to analysts' expectations of $200.10 million. NNN REIT had a net margin of 46.07% and a trailing twelve-month return on equity of 8.97%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS.

NNN REIT declared a quarterly dividend on Friday, July 14th. Shareholders of record on Monday, July 31st will be given a dividend of $0.565 per share on Tuesday, August 15th. This represents a $2.26 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend is Friday, July 28th. This is a positive change from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for NNN.

ETFs with the largest weight of NNN REIT (NYSE:NNN) stock in their portfolio include Fundamental Income Net Lease Real Estate ETF (NETL), Fidelity Real Estate Investment ETF (FPRO), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Federated Hermes U.S. Strategic Dividend ETF (FDV), Invesco S&P MidCap Low Volatility ETF (XMLV), Cambria Global Real Estate ETF (BLDG), Hoya Capital High Dividend Yield ETF (RIET) and InfraCap Equity Income Fund ETF (ICAP).

NNN REIT (NYSE:NNN) pays an annual dividend of $2.26 per share and currently has a dividend yield of 5.92%. NNN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 110.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NNN will have a dividend payout ratio of 69.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NNN.

NNN REIT issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $3.20-$3.25 for the period, compared to the consensus EPS estimate of $3.22. The company issued revenue guidance of -.

2 employees have rated NNN REIT Chief Executive Officer Craig Macnab on Glassdoor.com. Craig Macnab has an approval rating of 100% among the company's employees. This puts Craig Macnab in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other NNN REIT investors own include AT&T (T), Verizon Communications (VZ), Realty Income (O), Cisco Systems (CSCO), AbbVie (ABBV), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Exxon Mobil (XOM) and Coca-Cola (KO).

NNN REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNN."

NNN REIT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Goodman Financial Corp (0.13%), Captrust Financial Advisors (0.07%), SG Americas Securities LLC (0.06%), Tudor Investment Corp Et Al (0.04%), Teachers Retirement System of The State of Kentucky (0.02%) and Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Christopher Paul Tessitore, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller and Stephen A Horn Jr.
View institutional ownership trends.

Shares of NNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NNN stock can currently be purchased for approximately $38.16.

NNN REIT (NYSE:NNN) has a market capitalization of $6.96 billion and generates $798.74 million in revenue each year. The real estate investment trust earns $334.63 million in net income (profit) each year or $2.04 on an earnings per share basis.

NNN REIT's mailing address is 450 S ORANGE AVE SUITE 900, ORLANDO FL, 32801. The official website for the company is www.nnnreit.com. The real estate investment trust can be reached via phone at (407) 265-7348, via email at investorrelations@nnnreit.com, or via fax at 407-650-3650.