NNN REIT, Inc. (NYSE:NNN) Receives Average Rating of “Hold” from Analysts

NNN REIT, Inc. (NYSE:NNN) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $43.7143.

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of NNN REIT in a research report on Thursday, January 22nd. UBS Group lowered their price objective on shares of NNN REIT from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Tuesday, January 20th. Evercore decreased their target price on shares of NNN REIT from $44.00 to $43.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $43.00 price target (down from $44.00) on shares of NNN REIT in a research note on Friday, November 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NNN. Rothschild Investment LLC raised its stake in NNN REIT by 102.2% in the fourth quarter. Rothschild Investment LLC now owns 8,636 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 4,365 shares during the period. Allstate Corp increased its holdings in shares of NNN REIT by 25.4% during the 4th quarter. Allstate Corp now owns 7,756 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 1,569 shares during the last quarter. Handelsbanken Fonder AB raised its stake in NNN REIT by 1.0% in the 4th quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock valued at $2,687,000 after acquiring an additional 700 shares during the period. Crestwood Advisors Group LLC bought a new stake in NNN REIT in the 4th quarter valued at $239,000. Finally, Farther Finance Advisors LLC lifted its holdings in NNN REIT by 68.2% during the 4th quarter. Farther Finance Advisors LLC now owns 13,791 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 5,591 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

NNN REIT Price Performance

NNN stock opened at $43.31 on Wednesday. The stock has a 50-day moving average price of $40.98 and a two-hundred day moving average price of $41.54. NNN REIT has a 1 year low of $35.80 and a 1 year high of $44.23. The stock has a market cap of $8.23 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 3.05 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.5%. NNN REIT’s payout ratio is currently 115.38%.

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.