B. Riley Has Negative Forecast for NNN REIT FY2026 Earnings

NNN REIT, Inc. (NYSE:NNN) – Stock analysts at B. Riley cut their FY2026 earnings per share (EPS) estimates for shares of NNN REIT in a report released on Wednesday, October 30th. B. Riley analyst J. Massocca now expects that the real estate investment trust will post earnings per share of $3.51 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.

A number of other equities research analysts also recently commented on NNN. Royal Bank of Canada lifted their target price on NNN REIT from $43.00 to $46.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Raymond James boosted their price target on NNN REIT from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. StockNews.com downgraded shares of NNN REIT from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company restated an “equal weight” rating and issued a $50.00 price target (up previously from $47.00) on shares of NNN REIT in a research note on Tuesday, October 1st. Finally, UBS Group raised their price objective on NNN REIT from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.33.

NNN REIT Trading Down 5.5 %

NYSE:NNN opened at $43.44 on Friday. 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 firm has a fifty day simple moving average of $47.78 and a 200-day simple moving average of $44.69. NNN REIT has a 12 month low of $35.47 and a 12 month high of $49.57. The company has a market capitalization of $7.98 billion, a P/E ratio of 19.57, a PEG ratio of 3.66 and a beta of 1.09.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.24). The company had revenue of $216.81 million for the quarter, compared to analyst estimates of $212.30 million. NNN REIT had a net margin of 47.39% and a return on equity of 9.70%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS.

NNN REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.34%. NNN REIT’s dividend payout ratio is presently 104.50%.

Insider Buying and Selling

In other NNN REIT news, EVP Michelle Lynn Miller sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $46.88, for a total value of $187,520.00. Following the completion of the sale, the executive vice president now directly owns 69,756 shares in the company, valued at $3,270,161.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NNN REIT

A number of hedge funds have recently modified their holdings of NNN. SG Americas Securities LLC increased its holdings in shares of NNN REIT by 95.5% during the 1st quarter. SG Americas Securities LLC now owns 63,745 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 31,141 shares during the last quarter. Sound Income Strategies LLC raised its position in NNN REIT by 19.0% in the third quarter. Sound Income Strategies LLC now owns 315,118 shares of the real estate investment trust’s stock valued at $15,280,000 after purchasing an additional 50,213 shares during the period. Raymond James Trust N.A. lifted its stake in shares of NNN REIT by 19.6% in the 2nd quarter. Raymond James Trust N.A. now owns 12,920 shares of the real estate investment trust’s stock valued at $550,000 after purchasing an additional 2,120 shares during the last quarter. GAMMA Investing LLC increased its position in shares of NNN REIT by 93.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,328 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of NNN REIT by 40.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 52,200 shares of the real estate investment trust’s stock worth $2,531,000 after purchasing an additional 15,100 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

About NNN REIT

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.