NNN REIT (NYSE:NNN) Research Coverage Started at Huntington

Huntington assumed coverage on shares of NNN REIT (NYSE:NNN) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $51.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts have also recently weighed in on the stock. Barclays upped their price target on shares of NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings raised shares of NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Citigroup upped their target price on shares of NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley increased their target price on shares of NNN REIT from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.32.

NNN REIT Stock Up 0.8%

NNN REIT stock opened at $49.61 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 0.63. NNN REIT has a 1-year low of $38.90 and a 1-year high of $50.00. The company has a market cap of $9.44 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 7.58 and a beta of 0.80. The stock’s 50 day moving average price is $45.78 and its 200 day moving average price is $44.09.

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

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.62 dividend. This is an increase from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, July 31st. NNN REIT’s dividend payout ratio (DPR) is 116.50%.

Institutional Investors Weigh In On NNN REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC grew its stake in NNN REIT by 3,354.1% in the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,241 shares during the last quarter. Ascentis Independent Advisors acquired a new position in NNN REIT during the first quarter worth about $76,000. GAMMA Investing LLC lifted its holdings in shares of NNN REIT by 24.4% in the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 573 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of NNN REIT in the fourth quarter valued at about $187,000. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of NNN REIT in the fourth quarter valued at approximately $239,000. 89.96% of the stock is currently owned by hedge funds and other 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.