NNN REIT, Inc. (NYSE:NNN – Get Free Report) has earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $44.29.
A number of equities research analysts recently issued reports on NNN shares. Wells Fargo & Company dropped their target price on shares of NNN REIT from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Thursday, May 30th. UBS Group initiated coverage on shares of NNN REIT in a research report on Friday, May 31st. They issued a “neutral” rating and a $41.00 price objective for the company. Finally, BNP Paribas upgraded shares of NNN REIT from an “underperform” rating to a “neutral” rating and set a $42.00 price objective for the company in a research report on Thursday, May 2nd.
View Our Latest Stock Report on NNN
Institutional Investors Weigh In On NNN REIT
NNN REIT Trading Down 0.3 %
Shares of NNN REIT stock opened at $42.09 on Friday. The stock has a market capitalization of $7.72 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 3.33 and a beta of 1.04. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.04. The company has a 50-day simple moving average of $41.52 and a 200 day simple moving average of $41.68. NNN REIT has a 12-month low of $34.38 and a 12-month high of $44.87.
NNN REIT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.565 per share. This represents a $2.26 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, April 29th. NNN REIT’s dividend payout ratio is 103.67%.
NNN REIT Company Profile
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.
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