NNN REIT (NYSE:NNN) Coverage Initiated by Analysts at Evercore ISI

Equities research analysts at Evercore ISI assumed coverage on shares of NNN REIT (NYSE:NNN - Get Free Report) in a report released on Friday, MarketBeat.com reports. The brokerage set an "inline" rating and a $42.00 price target on the real estate investment trust's stock. Evercore ISI's price objective suggests a potential upside of 7.94% from the company's current price.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group downgraded NNN REIT from a "buy" rating to a "hold" rating and lowered their target price for the stock from $52.00 to $43.00 in a report on Thursday, January 2nd. StockNews.com lowered shares of NNN REIT from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Barclays started coverage on shares of NNN REIT in a research report on Tuesday, December 17th. They set an "overweight" rating and a $48.00 target price on the stock. B. Riley reduced their price target on shares of NNN REIT from $49.00 to $46.50 and set a "buy" rating for the company in a report on Wednesday, December 4th. Finally, Morgan Stanley upgraded shares of NNN REIT from an "equal weight" rating to an "overweight" rating and set a $48.00 price objective on the stock in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $45.35.

NNN REIT Trading Down 0.6 %

NNN traded down $0.24 during trading on Friday, reaching $38.91. 481,913 shares of the stock traded hands, compared to its average volume of 969,543. The stock's 50-day moving average is $40.90 and its 200 day moving average is $44.43. NNN REIT has a 12 month low of $37.55 and a 12 month high of $49.57. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7.30 billion, a PE ratio of 18.01, a P/E/G ratio of 1.97 and a beta of 1.11.

Insider Transactions at NNN REIT

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total value of $42,510.00. Following the transaction, the executive vice president now owns 68,756 shares of the company's stock, valued at approximately $2,922,817.56. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Farther Finance Advisors LLC raised its stake in NNN REIT by 14.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust's stock valued at $110,000 after acquiring an additional 280 shares during the period. GAMMA Investing LLC grew its stake in NNN REIT by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,881 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 553 shares in the last quarter. Everence Capital Management Inc. bought a new stake in NNN REIT during the 4th quarter valued at $206,000. DGS Capital Management LLC lifted its holdings in NNN REIT by 9.5% during the 4th quarter. DGS Capital Management LLC now owns 5,330 shares of the real estate investment trust's stock worth $218,000 after purchasing an additional 461 shares in the last quarter. Finally, Steph & Co. increased its position in shares of NNN REIT by 8.2% during the fourth quarter. Steph & Co. now owns 5,664 shares of the real estate investment trust's stock valued at $231,000 after buying an additional 429 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

About NNN REIT

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.