Fintel reports that on December 17, 2024, Barclays initiated coverage of NNN REIT (NYSE:NNN) with a Overweight recommendation.
Analyst Price Forecast Suggests 13.16% Upside
As of December 3, 2024, the average one-year price target for NNN REIT is $47.78/share. The forecasts range from a low of $43.43 to a high of $54.60. The average price target represents an increase of 13.16% from its latest reported closing price of $42.22 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NNN REIT is 833MM, a decrease of 3.89%. The projected annual non-GAAP EPS is 1.99.
What is the Fund Sentiment?
There are 951 funds or institutions reporting positions in NNN REIT. This is an increase of 52 owner(s) or 5.78% in the last quarter. Average portfolio weight of all funds dedicated to NNN is 0.29%, an increase of 2.01%. Total shares owned by institutions increased in the last three months by 5.25% to 207,011K shares. 
The put/call ratio of NNN is 0.17, indicating a bullish outlook.
What are Other Shareholders Doing?
Victory Capital Management holds 12,284K shares representing 6.55% ownership of the company. In its prior filing, the firm reported owning 12,871K shares , representing a decrease of 4.78%. The firm decreased its portfolio allocation in NNN by 5.40% over the last quarter.
VETAX - Victory Sycamore Established Value Fund holds 8,850K shares representing 4.72% ownership of the company. In its prior filing, the firm reported owning 8,900K shares , representing a decrease of 0.56%. The firm increased its portfolio allocation in NNN by 4.76% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 7,308K shares representing 3.90% ownership of the company. In its prior filing, the firm reported owning 7,448K shares , representing a decrease of 1.91%. The firm decreased its portfolio allocation in NNN by 3.17% over the last quarter.
Principal Financial Group holds 6,229K shares representing 3.32% ownership of the company. In its prior filing, the firm reported owning 6,493K shares , representing a decrease of 4.23%. The firm decreased its portfolio allocation in NNN by 53.20% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,795K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 5,786K shares , representing an increase of 0.15%. The firm increased its portfolio allocation in NNN by 7.07% over the last quarter.
National Retail Properties Background Information
(This description is provided by the company.)
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.
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