NNN REIT (NYSE:NNN – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.
NNN has been the subject of several other reports. UBS Group increased their price objective on shares of NNN REIT from $41.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. BNP Paribas raised shares of NNN REIT from an “underperform” rating to a “neutral” rating and set a $42.00 price target for the company in a report on Thursday, May 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of NNN REIT from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.50.
Check Out Our Latest Research Report on NNN REIT
NNN REIT Stock Down 0.7 %
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its holdings in NNN REIT by 77.0% in the fourth quarter. Lindbrook Capital LLC now owns 754 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 328 shares during the period. LRI Investments LLC acquired a new position in shares of NNN REIT in the 1st quarter valued at $34,000. First United Bank & Trust purchased a new stake in NNN REIT during the fourth quarter worth $39,000. GAMMA Investing LLC acquired a new stake in NNN REIT during the fourth quarter valued at $39,000. Finally, Riverview Trust Co purchased a new position in NNN REIT in the first quarter valued at $43,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.
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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