What is B. Riley’s Forecast for NNN REIT FY2026 Earnings?

NNN REIT, Inc. (NYSE:NNN) – Stock analysts at B. Riley dropped their FY2026 earnings estimates for shares of NNN REIT in a research report issued on Wednesday, October 30th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will earn $3.51 per share for the year, down from their previous 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.

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

Other research analysts have also recently issued reports about the company. UBS Group boosted their price target on NNN REIT from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on shares of NNN REIT from $43.00 to $46.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Wells Fargo & Company reiterated 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. StockNews.com cut NNN REIT from a “buy” rating to a “hold” rating in a report on Monday. Finally, Raymond James lifted their price objective on NNN REIT from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, NNN REIT currently has a consensus rating of “Hold” and a consensus price target of $47.33.

NNN REIT Price Performance

Shares of NNN REIT stock opened at $43.44 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.04. NNN REIT has a 52 week low of $35.47 and a 52 week high of $49.57. The stock’s 50-day simple moving average is $47.78 and its 200-day simple moving average is $44.69. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 3.66 and a beta of 1.09.

NNN REIT Dividend Announcement

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 given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.34%. NNN REIT’s dividend payout ratio is presently 104.50%.

Insiders Place Their Bets

In other news, EVP Michelle Lynn Miller sold 4,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $46.88, for a total value of $187,520.00. Following the sale, the executive vice president now owns 69,756 shares of the company’s stock, valued at approximately $3,270,161.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.82% of the stock is owned by insiders.

Institutional Trading of NNN REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its stake in shares of NNN REIT by 451.3% during the second quarter. Sound Income Strategies LLC now owns 264,905 shares of the real estate investment trust’s stock valued at $11,285,000 after buying an additional 216,855 shares during the last quarter. SG Americas Securities LLC grew its position 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 valued at $2,724,000 after acquiring an additional 31,141 shares during the last quarter. Handelsbanken Fonder AB increased its stake in NNN REIT by 40.7% in the third 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 period. Pathway Financial Advisers LLC bought a new stake in shares of NNN REIT during the first quarter worth $184,000. Finally, Amalgamated Bank boosted its stake in shares of NNN REIT by 4.1% during the second quarter. Amalgamated Bank now owns 103,756 shares of the real estate investment trust’s stock valued at $4,420,000 after purchasing an additional 4,088 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.