NNN REIT (NYSE:NNN) Given New $44.00 Price Target at Royal Bank Of Canada

02 May 2026, 13:50 by Doug Wharley · The Cerbat Gem

NNN REIT (NYSE:NNN – Free Report) had its target price increased by Royal Bank Of Canada from $43.00 to $44.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on NNN. Morgan Stanley upped their price target on NNN REIT from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of NNN REIT in a report on Thursday, January 22nd. Stifel Nicolaus set a $48.50 price objective on shares of NNN REIT in a research report on Wednesday, February 11th. Raymond James Financial restated a “market perform” rating on shares of NNN REIT in a report on Tuesday, March 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, NNN REIT currently has an average rating of “Hold” and a consensus target price of $45.41.

Get Our Latest Analysis on NNN REIT

NNN REIT Stock Up 0.3%

Shares of NNN traded up $0.15 during midday trading on Friday, hitting $43.94. The stock had a trading volume of 2,021,787 shares, compared to its average volume of 1,503,644. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 5.87 and a beta of 0.82. The company has a 50 day simple moving average of $44.01 and a two-hundred day simple moving average of $42.25. NNN REIT has a twelve month low of $38.90 and a twelve month high of $46.03. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.63 and a quick ratio of 1.09.

NNN REIT (NYSE:NNN – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $240.01 million for the quarter, compared to analyst estimates of $237.76 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. On average, analysts anticipate that NNN REIT will post 3.48 EPS for the current year.

NNN REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $2.40 annualized dividend and a dividend yield of 5.5%. NNN REIT’s payout ratio is 115.94%.

Insider Buying and Selling

In related news, EVP Jonathan Adamo sold 6,000 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $44.99, for a total value of $269,940.00. Following the completion of the transaction, the executive vice president directly owned 126,358 shares of the company’s stock, valued at approximately $5,684,846.42. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $44.98, for a total transaction of $1,492,976.16. Following the transaction, the chief executive officer owned 822,711 shares in the company, valued at approximately $37,005,540.78. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC raised its holdings in shares of NNN REIT by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 251 shares during the period. Amalgamated Bank lifted its stake in NNN REIT by 0.4% in the 3rd quarter. Amalgamated Bank now owns 86,483 shares of the real estate investment trust’s stock valued at $3,682,000 after purchasing an additional 311 shares during the last quarter. Parallel Advisors LLC grew its holdings in NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 567 shares during the period. Handelsbanken Fonder AB grew its holdings in NNN REIT by 1.0% during the fourth quarter. Handelsbanken Fonder AB now owns 67,800 shares of the real estate investment trust’s stock worth $2,687,000 after purchasing an additional 700 shares during the period. Finally, Quent Capital LLC acquired a new position in NNN REIT during the third quarter worth approximately $51,000. Institutional investors own 89.96% of the company’s stock.

Key Headlines Impacting NNN REIT

Here are the key news stories impacting NNN REIT this week:

Positive Sentiment: NNN raised its 2026 AFFO-per-share outlook to $3.53–$3.59 and announced a targeted acquisition program of $550M–$650M, signaling management confidence in growth and cash-flow accretion. NNN REIT raises 2026 AFFO guidance
Positive Sentiment: NNN updated FY‑2026 EPS guidance to $3.480–$3.540 (in line with consensus) and issued a press release highlighting the guidance raise alongside Q1 results. That guidance stability reduces near-term forecast risk. PR News Release
Positive Sentiment: Q1 revenue beat estimates — $240.01M vs. ~$237.8M — and revenue was up ~4.1% year-over-year, supporting the company’s growth narrative despite the small EPS shortfall. Q1 revenue and details
Neutral Sentiment: Earnings call transcript and slide deck were published, providing more color on portfolio performance, leasing, and capital deployment; investors will scan these for acquisition pacing and rent escalation detail. Earnings call transcript
Neutral Sentiment: Analyst action: Royal Bank of Canada nudged its price target to $44 and kept a “sector perform” rating — a modest adjustment that neither materially changes sell‑side sentiment nor provides a strong catalyst. RBC price target note
Negative Sentiment: GAAP EPS missed consensus by $0.01: reported $0.50 vs. $0.51 expected; EPS also declined from $0.87 a year earlier — a flag for investors focused on near-term earnings volatility. Q1 EPS miss

About NNN REIT

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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.