UBS Group Issues Positive Forecast for NNN REIT (NYSE:NNN) Stock Price

NNN REIT (NYSE:NNN) had its price target upped by UBS Group from $43.00 to $45.00 in a report issued on Monday,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, January 20th. Stifel Nicolaus set a $48.50 price objective on NNN REIT in a report on Wednesday, February 11th. Evercore lowered their price objective on 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. B. Riley Financial reiterated a “neutral” rating and issued a $43.00 target price (down from $44.00) on shares of NNN REIT in a research note on Friday, November 14th. Finally, Wells Fargo & Company increased their target price on NNN REIT from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, NNN REIT has a consensus rating of “Reduce” and a consensus price target of $44.83.

NNN REIT Stock Performance

NYSE:NNN opened at $45.43 on Monday. The firm has a 50 day simple moving average of $42.77 and a 200-day simple moving average of $41.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $8.63 billion, a PE ratio of 21.95, a P/E/G ratio of 3.31 and a beta of 0.82. NNN REIT has a 1-year low of $35.80 and a 1-year high of $46.03.

NNN REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, January 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.3%. NNN REIT’s payout ratio is presently 115.94%.

Insider Buying and Selling

In other news, CEO Stephen A. Horn, Jr. sold 33,192 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $44.98, for a total value of $1,492,976.16. Following the completion of the sale, the chief executive officer owned 822,711 shares of the company’s stock, valued at $37,005,540.78. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Adamo sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $44.99, for a total value of $269,940.00. Following the sale, the executive vice president owned 126,358 shares in the company, valued at approximately $5,684,846.42. The trade was a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.

Institutional Trading of NNN REIT

Several large investors have recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of NNN REIT in the 3rd quarter valued at approximately $51,000. Ameriflex Group Inc. grew its position in shares of NNN REIT by 1,266.1% during the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 2,165 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of NNN REIT by 1,066.9% in the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 3,905 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of NNN REIT in the fourth quarter worth $187,000. Finally, Bayforest Capital Ltd raised its holdings in NNN REIT by 705.2% in the third quarter. Bayforest Capital Ltd now owns 4,525 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 3,963 shares in the last quarter. Institutional investors and hedge funds 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.