NNN REIT (NYSE:NNN) Reaches New 52-Week High – Should You Buy?
by Renee Jackson · The Cerbat GemNNN REIT, Inc. (NYSE:NNN – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $46.15 and last traded at $46.0530, with a volume of 329085 shares changing hands. The stock had previously closed at $45.01.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Citigroup raised their target price on NNN REIT from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised NNN REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Robert W. Baird set a $46.00 price target on shares of NNN REIT in a research report on Thursday, February 12th. Stifel Nicolaus set a $48.50 price objective on shares of NNN REIT in a report on Wednesday, February 11th. Finally, BNP Paribas Exane upped their target price on shares of NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a research note on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.65.
Check Out Our Latest Stock Analysis on NNN
NNN REIT Stock Up 2.3%
The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $8.76 billion, a P/E ratio of 22.36, a PEG ratio of 7.31 and a beta of 0.81. The firm’s 50 day moving average price is $44.04 and its two-hundred day moving average price is $42.81.
NNN REIT (NYSE:NNN – Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The business had revenue of $240.42 million for the quarter, compared to analyst estimates of $237.76 million. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Equities research analysts forecast that NNN REIT, Inc. will post 3.49 EPS for the current year.
NNN REIT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.2%. The ex-dividend date was Thursday, April 30th. NNN REIT’s dividend payout ratio is presently 116.50%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NNN. Root Financial Partners LLC raised its stake in shares of NNN REIT by 3,354.1% during the 1st quarter. Root Financial Partners LLC now owns 1,278 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,241 shares in the last quarter. Ascentis Independent Advisors acquired a new position in NNN REIT during the first quarter worth $76,000. Ameriflex Group Inc. raised its position in NNN REIT by 1,266.1% during the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 2,165 shares in the last quarter. Rothschild Investment LLC raised its position in NNN REIT by 1,066.9% during the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock worth $182,000 after acquiring an additional 3,905 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in NNN REIT in the fourth quarter valued at $187,000. Institutional investors and hedge funds own 89.96% of the company’s stock.
About NNN REIT
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.