B. Riley Has Negative Forecast for NNN REIT FY2026 Earnings

NNN REIT, Inc. (NYSE:NNN - Free Report) - Equities research analysts at B. Riley dropped their FY2026 earnings per share estimates for NNN REIT in a research report issued on Wednesday, October 30th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will earn $3.51 per share for the year, down from their prior forecast of $3.52. B. Riley currently has a "Neutral" rating and a $49.00 target price on the stock. The consensus estimate for NNN REIT's current full-year earnings is $3.30 per share.

NNN REIT (NYSE:NNN - Get Free Report) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.24). NNN REIT had a net margin of 47.39% and a return on equity of 9.70%. The company had revenue of $216.81 million for the quarter, compared to analysts' expectations of $212.30 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. NNN REIT's quarterly revenue was up 7.0% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Colliers Securities cut shares of NNN REIT from a "buy" rating to a "neutral" rating in a research note on Friday. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $50.00 price objective (up previously from $47.00) on shares of NNN REIT in a research note on Tuesday, October 1st. UBS Group lifted their target price on shares of NNN REIT from $48.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of NNN REIT from a "buy" rating to a "hold" rating in a report on Monday. Finally, Royal Bank of Canada decreased their target price on NNN REIT from $48.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Friday. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $47.17.

NNN REIT Stock Performance

NNN stock traded down $0.04 during trading on Friday, reaching $43.40. The stock had a trading volume of 1,533,514 shares, compared to its average volume of 1,154,658. The firm has a market cap of $7.97 billion, a PE ratio of 19.55, a PEG ratio of 3.66 and a beta of 1.09. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.04. The stock's 50 day moving average is $47.71 and its two-hundred day moving average is $44.71. NNN REIT has a 52 week low of $37.69 and a 52 week high of $49.57.

NNN REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.35%. NNN REIT's dividend payout ratio is 104.50%.

Insider Transactions at NNN REIT

In other news, EVP Michelle Lynn Miller sold 4,000 shares of NNN REIT stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $46.88, for a total transaction of $187,520.00. Following the completion of the sale, the executive vice president now owns 69,756 shares of the company's stock, valued at approximately $3,270,161.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.82% of the company's stock.

Hedge Funds Weigh In On NNN REIT

Several institutional investors have recently made changes to their positions in NNN. LRI Investments LLC bought a new stake in shares of NNN REIT in the 1st quarter valued at about $34,000. Bruce G. Allen Investments LLC lifted its stake in shares of NNN REIT by 1,276.8% during the second quarter. Bruce G. Allen Investments LLC now owns 1,129 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,047 shares during the period. Versant Capital Management Inc acquired a new stake in shares of NNN REIT during the second quarter worth $59,000. GAMMA Investing LLC grew its holdings in shares of NNN REIT by 93.2% during the second quarter. GAMMA Investing LLC now owns 2,328 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 1,123 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of 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. Hedge funds and other institutional investors 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.