NNN REIT (NYSE:NNN) Lowered to Hold Rating by Jefferies Financial Group

NNN REIT (NYSE:NNN) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat reports. They presently have a $43.00 target price on the real estate investment trust’s stock, down from their prior target price of $52.00. Jefferies Financial Group’s price objective would indicate a potential upside of 5.26% from the stock’s previous close.

NNN has been the subject of several other reports. StockNews.com lowered NNN REIT from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NNN REIT in a research note on Wednesday, December 11th. They set a “hold” rating and a $46.00 price objective for the company. UBS Group lowered their target price on shares of NNN REIT from $49.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Colliers Securities downgraded shares of NNN REIT from a “buy” rating to a “neutral” rating in a research note on Friday, November 1st. Finally, B. Riley lowered their price objective on shares of NNN REIT from $49.00 to $46.50 and set a “buy” rating for the company in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.85.

NNN REIT Stock Up 1.2 %

NNN stock opened at $40.85 on Thursday. The company has a 50 day moving average price of $42.80 and a two-hundred day moving average price of $44.97. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85. The stock has a market capitalization of $7.66 billion, a P/E ratio of 18.91, a PEG ratio of 2.16 and a beta of 1.10. NNN REIT has a one year low of $38.88 and a one year high of $49.57.

Insider Activity at NNN REIT

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total transaction of $42,510.00. Following the completion of the sale, the executive vice president now owns 68,756 shares in the company, valued at $2,922,817.56. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On NNN REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nicholas Hoffman & Company LLC. grew its stake in NNN REIT by 1.8% in the second 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. Farther Finance Advisors LLC lifted its holdings in NNN REIT by 14.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 280 shares during the last quarter. GAMMA Investing LLC grew its position in shares of NNN REIT by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,881 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 553 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of NNN REIT by 32.9% in the 2nd quarter. Pathway Financial Advisers LLC now owns 5,709 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Goodman Financial Corp raised its position in shares of NNN REIT by 1.2% during the 3rd quarter. Goodman Financial Corp now owns 290,061 shares of the real estate investment trust’s stock valued at $14,065,000 after acquiring an additional 3,388 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

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.