NNN REIT (NYSE:NNN) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

NNN REIT, Inc. (NYSE:NNN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.27 and traded as high as $42.14. NNN REIT shares last traded at $42.05, with a volume of 837,234 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on NNN shares. B. Riley reaffirmed a “neutral” rating and set a $43.00 target price (down previously from $46.50) on shares of NNN REIT in a research note on Tuesday, February 18th. UBS Group reduced their target price on shares of NNN REIT from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Evercore ISI started coverage on NNN REIT in a research report on Friday, January 31st. They issued an “inline” rating and a $42.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of NNN REIT from $41.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Finally, Barclays increased their price target on NNN REIT from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.54.

NNN REIT Price Performance

The company has a fifty day moving average price of $41.17 and a two-hundred day moving average price of $41.27. The firm has a market capitalization of $7.90 billion, a PE ratio of 19.56, a P/E/G ratio of 2.06 and a beta of 0.92. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00.

NNN REIT (NYSE:NNN) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $230.85 million for the quarter, compared to analyst estimates of $219.68 million. NNN REIT had a return on equity of 9.28% and a net margin of 45.65%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Sell-side analysts forecast that NNN REIT, Inc. will post 3.33 earnings per share for the current year.

NNN REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Wednesday, April 30th. NNN REIT’s dividend payout ratio is currently 108.41%.

Institutional Trading of NNN REIT

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group boosted its holdings in NNN REIT by 140.8% in the first quarter. Brooklyn Investment Group now owns 802 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 469 shares during the period. Putney Financial Group LLC acquired a new stake in shares of NNN REIT in the fourth quarter worth $38,000. Lindbrook Capital LLC lifted its holdings in shares of NNN REIT by 43.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,010 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 305 shares during the period. Millstone Evans Group LLC bought a new position in NNN REIT during the 4th quarter valued at about $42,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of NNN REIT in the first quarter valued at approximately $57,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

NNN REIT Company Profile

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.