NNN REIT (NYSE:NNN) Downgraded by Morgan Stanley to “Equal Weight”

Morgan Stanley cut shares of NNN REIT (NYSE:NNN) from an overweight rating to an equal weight rating in a report issued on Monday morning, Marketbeat.com reports. They currently have $50.00 price objective on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Barclays increased their target price on NNN REIT from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Huntington initiated coverage on shares of NNN REIT in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $51.00 price target on the stock. Citigroup upped their price target on shares of NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada increased their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NNN REIT currently has an average rating of “Hold” and a consensus price target of $46.57.

NNN REIT Trading Down 1.4%

Shares of NNN REIT stock opened at $48.91 on Monday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 7.64 and a beta of 0.80. The business has a 50-day moving average price of $45.87 and a 200-day moving average price of $44.19. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10. NNN REIT has a twelve month low of $38.90 and a twelve month high of $50.00.

NNN REIT (NYSE:NNN) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $237.75 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.NNN REIT’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Equities research analysts anticipate that NNN REIT will post 3.49 EPS for the current fiscal year.

NNN REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.62 dividend. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, July 31st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.1%. NNN REIT’s dividend payout ratio (DPR) is presently 116.50%.

Institutional Trading of NNN REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its stake in NNN REIT by 3.5% during the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after buying an additional 3,897 shares during the period. Parallel Advisors LLC raised its stake in shares of NNN REIT by 11.0% in the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 567 shares during the period. Horizon Investments LLC raised its stake in shares of NNN REIT by 65.0% in the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after acquiring an additional 30,333 shares during the period. Adams Asset Advisors LLC lifted its holdings in shares of NNN REIT by 10.2% in the 4th quarter. Adams Asset Advisors LLC now owns 47,524 shares of the real estate investment trust’s stock worth $1,883,000 after acquiring an additional 4,412 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in shares of NNN REIT in the 4th quarter worth about $187,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.