NNN REIT (NYSE:NNN) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

NNN REIT, Inc. (NYSE:NNN) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $41.60 and traded as high as $42.51. NNN REIT shares last traded at $42.1950, with a volume of 2,421,079 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NNN shares. Wells Fargo & Company upped their price target on shares of NNN REIT from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Evercore ISI reduced their price objective on NNN REIT from $44.00 to $43.00 and set an “in-line” rating for the company in a report on Monday, December 15th. B. Riley reiterated a “neutral” rating and set a $43.00 target price (down previously from $44.00) on shares of NNN REIT in a research note on Friday, November 14th. UBS Group decreased their target price on shares of NNN REIT from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Barclays decreased their price target on NNN REIT from $44.00 to $43.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.71.

NNN REIT Stock Performance

The stock’s 50 day moving average price is $40.69 and its 200 day moving average price is $41.60. The firm has a market cap of $8.01 billion, a PE ratio of 20.29, a P/E/G ratio of 3.02 and a beta of 0.86. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last announced its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. NNN REIT had a return on equity of 8.95% and a net margin of 43.22%.The business had revenue of $230.16 million for the quarter, compared to the consensus estimate of $228.45 million. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. As a group, equities analysts forecast that NNN REIT, Inc. will post 3.33 earnings per share for the current fiscal year.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, January 30th. NNN REIT’s dividend payout ratio (DPR) is currently 115.38%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in shares of NNN REIT by 616.2% during the third quarter. SG Americas Securities LLC now owns 72,410 shares of the real estate investment trust’s stock valued at $3,082,000 after acquiring an additional 62,299 shares during the period. Sound Income Strategies LLC raised its stake in shares of NNN REIT by 8.2% during the second quarter. Sound Income Strategies LLC now owns 416,058 shares of the real estate investment trust’s stock valued at $17,965,000 after purchasing an additional 31,505 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in NNN REIT in the second quarter worth about $30,000. Amalgamated Bank lifted its holdings in NNN REIT by 0.4% in the third quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock worth $3,682,000 after purchasing an additional 311 shares during the period. Finally, Versant Capital Management Inc grew its position in NNN REIT by 20.9% in the 3rd quarter. Versant Capital Management Inc now owns 9,833 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 1,699 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

NNN REIT Company Profile

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.