Analysts Set NNN REIT, Inc. (NYSE:NNN) PT at $45.94

NNN REIT, Inc. (NYSE:NNN - Get Free Report) has earned a consensus rating of "Hold" from the nine research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $45.94.

NNN has been the topic of several analyst reports. UBS Group cut their price target on shares of NNN REIT from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Raymond James increased their price target on NNN REIT from $47.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, August 21st. StockNews.com downgraded NNN REIT from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. BNP Paribas downgraded NNN REIT from a "neutral" rating to an "underperform" rating and set a $44.00 target price for the company. in a research report on Monday, November 4th. Finally, B. Riley cut their price target on shares of NNN REIT from $49.00 to $46.50 and set a "buy" rating on the stock in a report on Wednesday, December 4th.

NNN REIT Trading Up 0.4 %

NNN stock traded up $0.19 during mid-day trading on Friday, reaching $42.59. 1,231,175 shares of the stock traded hands, compared to its average volume of 1,172,289. NNN REIT has a one year low of $38.88 and a one year high of $49.57. The stock has a market capitalization of $7.99 billion, a PE ratio of 19.72, a PEG ratio of 2.16 and a beta of 1.10. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85. The business has a 50-day moving average price of $44.73 and a two-hundred day moving average price of $45.04.

NNN REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.58 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.45%. NNN REIT's dividend payout ratio is currently 107.41%.

Insider Transactions at NNN REIT

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $42.51, for a total transaction of $42,510.00. Following the completion of the sale, the executive vice president now directly owns 68,756 shares of the company's stock, valued at approximately $2,922,817.56. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.82% of the company's stock.

Institutional Trading of NNN REIT

A number of institutional investors have recently made changes to their positions in the business. Nicholas Hoffman & Company LLC. grew its stake in shares of NNN REIT by 1.8% during the second quarter. Nicholas Hoffman & Company LLC. now owns 13,325 shares of the real estate investment trust's stock worth $568,000 after acquiring an additional 240 shares during the last quarter. Farther Finance Advisors LLC increased its stake in NNN REIT by 14.1% during 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 purchasing an additional 280 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of NNN REIT by 23.8% in the third quarter. GAMMA Investing LLC now owns 2,881 shares of the real estate investment trust's stock worth $140,000 after buying an additional 553 shares during the last quarter. LRI Investments LLC lifted its stake in shares of NNN REIT by 100.6% during the second quarter. LRI Investments LLC now owns 1,613 shares of the real estate investment trust's stock worth $69,000 after buying an additional 809 shares during the period. Finally, Pathway Financial Advisers LLC increased its position in shares of NNN REIT by 32.9% in the 2nd quarter. Pathway Financial Advisers LLC now owns 5,709 shares of the real estate investment trust's stock valued at $243,000 after acquiring an additional 1,414 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

NNN REIT Company Profile

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.