Research Analysts’ Weekly Ratings Updates for NNN REIT (NNN)

NNN REIT (NYSE: NNN) recently received a number of ratings updates from brokerages and research firms:

• 11/4/2024 – NNN REIT was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating. They now have a $44.00 price target on the stock.
• 11/4/2024 – NNN REIT had its price target raised by analysts at Robert W. Baird from $44.00 to $45.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – NNN REIT had its price target lowered by analysts at Royal Bank of Canada from $48.00 to $45.00. They now have a “sector perform” rating on the stock.
• 11/1/2024 – NNN REIT was downgraded by analysts at Colliers Securities from a “buy” rating to a “neutral” rating.
• 10/28/2024 – NNN REIT was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/16/2024 – NNN REIT had its price target raised by analysts at UBS Group AG from $48.00 to $49.00. They now have a “neutral” rating on the stock.
• 10/1/2024 – NNN REIT had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $50.00 price target on the stock, up previously from $47.00.

NNN REIT Trading Down 0.3 %

NYSE NNN traded down $0.13 during trading hours on Wednesday, hitting $42.45. The company’s stock had a trading volume of 235,258 shares, compared to its average volume of 1,169,288. NNN REIT, Inc. has a twelve month low of $38.49 and a twelve month high of $49.57. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $7.96 billion, a P/E ratio of 19.65, a PEG ratio of 2.15 and a beta of 1.10. The stock has a fifty day moving average of $47.08 and a 200 day moving average of $44.88.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.47%. The ex-dividend date is Thursday, October 31st. NNN REIT’s payout ratio is presently 107.41%.

Institutional Investors Weigh In On NNN REIT

Large investors have recently made changes to their positions in the stock. LRI Investments LLC bought a new position in NNN REIT in the first quarter valued at $34,000. Bruce G. Allen Investments LLC lifted its stake in NNN REIT by 1,276.8% in the second quarter. Bruce G. Allen Investments LLC now owns 1,129 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 1,047 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of NNN REIT during the 2nd quarter worth about $59,000. GAMMA Investing LLC raised its holdings in shares of NNN REIT by 93.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,328 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 1,123 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 280 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

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.