NNN REIT (NYSE:NNN) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemNNN REIT, Inc. (NYSE:NNN – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.66 and traded as high as $44.94. NNN REIT shares last traded at $44.5330, with a volume of 2,082,858 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages have commented on NNN. BNP Paribas Exane raised their price objective on NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a research report on Thursday, February 12th. Royal Bank Of Canada raised their price objective on NNN REIT from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. UBS Group lifted their price target on NNN REIT from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Stifel Nicolaus set a $48.50 price target on NNN REIT in a research report on Wednesday, February 11th. Finally, Barclays lifted their price target on NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, NNN REIT has a consensus rating of “Hold” and an average price target of $45.46.
Check Out Our Latest Stock Analysis on NNN REIT
NNN REIT Trading Down 0.7%
The stock has a 50-day simple moving average of $43.84 and a two-hundred day simple moving average of $42.66. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $8.47 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 7.23 and a beta of 0.82.
NNN REIT (NYSE:NNN – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). NNN REIT had a net margin of 41.38% and a return on equity of 8.81%. The company had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $237.76 million. During the same period in the previous year, the business earned $0.87 EPS. The business’s revenue 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. As a group, sell-side analysts anticipate that NNN REIT, Inc. will post 3.49 EPS for the current year.
NNN REIT Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, April 30th. NNN REIT’s payout ratio is presently 116.50%.
Insider Activity at NNN REIT
In other news, CEO Stephen A. Horn, Jr. sold 33,192 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $44.98, for a total transaction of $1,492,976.16. Following the completion of the transaction, the chief executive officer directly owned 822,711 shares of the company’s stock, valued at $37,005,540.78. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Adamo sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $44.99, for a total transaction of $269,940.00. Following the transaction, the executive vice president directly owned 126,358 shares of the company’s stock, valued at $5,684,846.42. The trade was a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by insiders.
Institutional Investors Weigh In On NNN REIT
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Orographic Financial Advisors LLC purchased a new stake in shares of NNN REIT during the 1st quarter valued at about $1,255,000. Arkadios Wealth Advisors purchased a new stake in shares of NNN REIT during the 1st quarter valued at about $245,000. EverSource Wealth Advisors LLC increased its position in shares of NNN REIT by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 658 shares during the last quarter. Parallel Advisors LLC increased its position in shares of NNN REIT by 23.3% during the 1st quarter. Parallel Advisors LLC now owns 8,276 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 1,566 shares during the last quarter. Finally, DGS Capital Management LLC increased its position in shares of NNN REIT by 70.8% during the 1st quarter. DGS Capital Management LLC now owns 10,486 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 4,348 shares during the last quarter. Hedge funds and other institutional investors 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.