B. Riley Has Negative Outlook of NNN REIT FY2026 Earnings

NNN REIT, Inc. (NYSE:NNN) – B. Riley lowered their FY2026 earnings per share estimates for NNN REIT in a research report issued 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 estimate of $3.52. B. Riley has a “Neutral” rating and a $49.00 price objective 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 have also recently issued reports on NNN. Royal Bank of Canada cut their target price on NNN REIT from $48.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Friday. UBS Group lifted their price objective on shares of NNN REIT from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company restated an “equal weight” rating and set a $50.00 price objective (up from $47.00) on shares of NNN REIT in a research note on Tuesday, October 1st. Colliers Securities cut shares of NNN REIT from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, StockNews.com cut shares of NNN REIT from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.17.

NNN REIT Stock Performance

NNN stock opened at $43.40 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 3.66 and a beta of 1.10. NNN REIT has a 1 year low of $37.69 and a 1 year high of $49.57. The stock’s fifty day moving average is $47.71 and its two-hundred day moving average is $44.71.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NNN. Sound Income Strategies LLC increased its stake in NNN REIT by 19.0% in the 3rd quarter. Sound Income Strategies LLC now owns 315,118 shares of the real estate investment trust’s stock worth $15,280,000 after purchasing an additional 50,213 shares in the last quarter. Amalgamated Bank increased its stake in NNN REIT by 4.1% in the 2nd quarter. Amalgamated Bank now owns 103,756 shares of the real estate investment trust’s stock worth $4,420,000 after purchasing an additional 4,088 shares in the last quarter. SG Americas Securities LLC increased its stake in NNN REIT by 95.5% in 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 purchasing an additional 31,141 shares in the last quarter. Handelsbanken Fonder AB increased its stake in NNN REIT by 40.7% in 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 in the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its stake in NNN REIT by 1.8% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 13,325 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 240 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Thursday, October 31st. NNN REIT’s payout ratio is currently 107.41%.

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.