NNN REIT
About: NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue. The maximum of the company's properties are located in the South and Southeast of the United States.
Employees: 83
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
74% more call options, than puts
Call options by funds: $7.97M | Put options by funds: $4.58M
12% more repeat investments, than reductions
Existing positions increased: 186 | Existing positions reduced: 166
0.78% less ownership
Funds ownership: 92.35% [Q3] → 91.57% (-0.78%) [Q4]
8% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 64
3% less funds holding
Funds holding: 492 [Q3] → 477 (-15) [Q4]
15% less capital invested
Capital invested by funds: $8.22B [Q3] → $7.01B (-$1.21B) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 2 (-2) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
B. Riley Securities John Massocca 38% 1-year accuracy 3 / 8 met price target | 1%upside $43 | Neutral Reiterated | 18 Feb 2025 |
RBC Capital Brad Heffern 57% 1-year accuracy 21 / 37 met price target | 1%upside $43 | Sector Perform Maintained | 12 Feb 2025 |
Barclays Richard Hightower 61% 1-year accuracy 11 / 18 met price target | 8%upside $46 | Overweight Maintained | 4 Feb 2025 |
Evercore ISI Group James Kammert 0% 1-year accuracy 0 / 3 met price target | 1%downside $42 | In-Line Initiated | 31 Jan 2025 |
Deutsche Bank Omotayo Okusanya 69% 1-year accuracy 9 / 13 met price target | 8%upside $46 | Hold Initiated | 11 Dec 2024 |
Financial journalist opinion
Based on 20 articles about NNN published over the past 30 days
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