NNN REIT, Inc. (NYSE:NNN) Given Average Rating of "Hold" by Brokerages

Shares of NNN REIT, Inc. (NYSE:NNN - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.92.

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of NNN REIT from $45.00 to $43.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NNN REIT in a research report on Wednesday, December 11th. They issued a "hold" rating and a $46.00 price objective for the company. Morgan Stanley raised shares of NNN REIT from an "equal weight" rating to an "overweight" rating and set a $48.00 price objective for the company in a research report on Wednesday, January 15th. Evercore ISI assumed coverage on shares of NNN REIT in a research report on Friday, January 31st. They issued an "inline" rating and a $42.00 price objective for the company. Finally, Robert W. Baird increased their price objective on shares of NNN REIT from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th.

NNN REIT Trading Up 0.8 %

NNN stock traded up $0.33 on Wednesday, hitting $42.48. 1,697,643 shares of the company were exchanged, compared to its average volume of 1,252,419. NNN REIT has a twelve month low of $37.55 and a twelve month high of $49.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.55 and a quick ratio of 1.55. The business's fifty day moving average is $40.11 and its two-hundred day moving average is $43.74. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.11.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.58 per share. The ex-dividend date was Friday, January 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.46%. NNN REIT's dividend payout ratio (DPR) is 107.91%.

Insider Buying and Selling at NNN REIT

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $42.51, for a total transaction of $42,510.00. Following the transaction, the executive vice president now directly owns 68,756 shares in the company, valued at $2,922,817.56. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NNN. Putney Financial Group LLC bought a new position in NNN REIT during the 4th quarter valued at $38,000. Lindbrook Capital LLC raised its holdings in shares of NNN REIT by 43.3% during the fourth quarter. Lindbrook Capital LLC now owns 1,010 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 305 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of NNN REIT during the fourth quarter worth $42,000. Farther Finance Advisors LLC raised its holdings in shares of NNN REIT by 14.1% during the third quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 280 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of NNN REIT by 882.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,953 shares of the real estate investment trust's stock worth $202,000 after purchasing an additional 4,449 shares during the period. 89.96% of the stock is currently owned by 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.