Market Cap
$7.9B
NNN
NNN REIT, INC.
$40.95 ▲ +1.87%
Prev close $40.20Market cap$7.9B
ConsensusStrong Sell
12-mo target$47.25 (+15.4%)
▼ Bearish
Analyst conviction 1/10
Insider Selling Cluster (3 insiders)39 New Institutional Positions11 Institutional Exits Real Estate
Snapshot
The big-picture read on NNN right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Sell (12%)
Inst. Holders
50 funds
Inst. Value
$7.0B
Inst. Activity
39 buys / 11 sells
Insider Activity
$0.00 buy / $1.9M sell
Insider Net $
-$1.9M
Social Sentiment
50° Neutral
SEC Reports
7
Price chart 30d -9.4%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 23, 2026 earnings
Aug 7, 2026 SEC NNN REIT, Inc. Announces Third Quarter 2026 Earnings Release Date and Conference Call Details
ORLANDO, Fla., Sept. 23, 2026 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) ("NNN" or the "Company"), a
NNN REIT entered into an Equity Distribution Agreement with multiple banks on August 6, 2026, to sell up to 25,000,000 s
8-K — Impact 4/10
NNN REIT filed a prospectus supplement for an at-the-market (ATM) equity offering program of up to 25,000,000 shares of
424B5 — Impact 6/10
NNN REIT filed an automatic shelf registration statement (S-3ASR) on August 5, 2026, registering an indeterminate amount
S-3ASR — Impact 4/10
Jul 31, 2026 Insider
HOLDEN BETSY D was granted 1,217 shares
Director @ $48.14 ($58.6K)
Jul 31, 2026 Insider
Beall Pamela K.M. was granted 831 shares
Director @ $48.14 ($40.0K)
Jul 31, 2026 Insider
FRITSCH EDWARD J was granted 1,118 shares
Director @ $48.14 ($53.8K)
Jun 30, 2026 Inst.
FMR LLC — TRIM
11,436,861 shares ($532.2M)
Analyst ratings buy % +0.0%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
12% rate it Buy or better · 26 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Oct 2, 2026 | Truist Securities | INITIATE | Hold | 55% |
| Sep 21, 2026 | Morgan Stanley | UPGRADE | Overweight | 55% |
| Sep 21, 2026 | Evercore ISI Group | MAINTAIN | In-Line | 59% |
| Sep 4, 2026 | Barclays | MAINTAIN | Underweight | 54% |
| Sep 1, 2026 | Wells Fargo | MAINTAIN | Equal-Weight | 54% |
| Aug 12, 2026 | B. Riley Securities | REITERATE | Neutral | 54% |
| Aug 6, 2026 | RBC Capital | MAINTAIN | Sector Perform | 55% |
| Aug 6, 2026 | Evercore ISI Group | MAINTAIN | In-Line | 59% |
| Jul 20, 2026 | Morgan Stanley | DOWNGRADE | Equal-Weight | 55% |
| Jul 15, 2026 | Wells Fargo | MAINTAIN | Equal-Weight | 54% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 1 | 2 | 15 | 7 | 1 | 12% | |
| Aug 1, 2026 | 1 | 2 | 15 | 7 | 1 | 12% | |
| Jul 1, 2026 | 1 | 2 | 14 | 7 | 1 | 12% | |
| Jun 1, 2026 | 1 | 2 | 14 | 7 | 1 | 12% | |
| May 1, 2026 | 1 | 2 | 14 | 7 | 1 | 12% | |
| Apr 1, 2026 | 2 | 5 | 12 | 3 | 0 | 32% | |
| Mar 1, 2026 | 2 | 5 | 12 | 3 | 0 | 32% | |
| Feb 1, 2026 | 2 | 5 | 12 | 3 | 0 | 32% |
Price targets
Where 16 covering analysts think NNN trades over the next 12 months.
$47.25 +15.4% upside Buy
Current$40.95 Low$42.00 Median$47.00 High$50.50 16 analysts
$42.00$50.50
Analyst rating Hold· 2.9/5 as of Oct 2, 2026
Social media sentiment mood +0.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
50°
Neutral
BearishNeutralBullish
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
7 SEC filing reports analyzed · 1 bullish, 1 bearish, 0 mixed, 5 neutral · avg impact 4.6/10.
NEUTRAL8-K4/10
NNN REIT entered into an Equity Distribution Agreement with multiple banks on August 6, 2026, to sel
Aug 7, 2026
BEARISH424B56/10
NNN REIT filed a prospectus supplement for an at-the-market (ATM) equity offering program of up to 2
Aug 6, 2026
NEUTRALS-3ASR4/10
NNN REIT filed an automatic shelf registration statement (S-3ASR) on August 5, 2026, registering an
Aug 6, 2026
BULLISH8-K6/10
NNN REIT reported Q2 2026 AFFO per diluted share of $0.90, a 5.9% YoY increase and a 3.4% beat vs th
Aug 5, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Sep 23, 2026
earnings
NNN REIT, Inc. Announces Third Quarter 2026 Earnings Release Date and Conference Call Details
ORLANDO, Fla., Sept. 23, 2026 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) ("NNN" or the "Company"), a real estate investment trust ("REIT"), today anno
Sep 15, 2026
short_interest_report
Short Interest: NNN down 20% to 6.4M shares
Settlement 2026-09-15 | Days to cover: 4.38 | ≈3.31% of shares outstanding (est.)
Sep 7, 2026
dark_pool
Dark Pool: NNN — 1.4M shares, 30,590 trades
Week starting 2026-09-07. Total ATS volume: 1,424,387 shares across 30,590 trades.
Aug 31, 2026
short_interest_report
Short Interest: NNN up 30% to 8.0M shares
Settlement 2026-08-31 | Days to cover: 6.95 | ≈4.17% of shares outstanding (est.)
Aug 31, 2026
dark_pool
Dark Pool: NNN — 1.8M shares, 33,842 trades
Week starting 2026-08-31. Total ATS volume: 1,761,927 shares across 33,842 trades.
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $0.52 | $0.51–$0.54 | 6.5% | -0.9% | 2↑ 0↓ | $0.2B | 5 |
| Next Q | $0.52 | $0.51–$0.55 | 3.2% | -1.0% | 2↑ 0↓ | $0.2B | 5 |
| Current FY | $2.06 | $2.03–$2.09 | 3.4% | -0.6% | 1↑ 0↓ | $1.0B | 3 |
| Next FY | $2.09 | $2.01–$2.18 | 1.9% | -0.4% | 1↑ 1↓ | $1.0B | 5 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $0.522 | — |
| 7d ago | $0.525 | -0.003 |
| 30d ago | $0.526 | -0.005 |
| 60d ago | $0.513 | +0.009 |
| 90d ago | $0.513 | +0.009 |
Institutional ownership
Which big funds own NNN (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $7.0B total value (151,197,358 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, FMR. Net buying activity: 39 institutions added/increased vs 11 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 26,708,613 | $1.2B | 17.6% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 16,778,215 | $780.7M | 11.1% | — |
| FMR LLC | 11,436,861 | $532.2M | 7.6% | TRIM -40.5% |
| STATE STREET CORP | 11,346,545 | $528.0M | 7.5% | — |
| AQR CAPITAL MANAGEMENT LLC | 9,773,107 | $454.7M | 6.5% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 8,557,962 | $398.2M | 5.7% | — |
| VICTORY CAPITAL MANAGEMENT INC | 6,051,488 | $281.6M | 4.0% | TRIM -27.3% |
| GEODE CAPITAL MANAGEMENT, LLC | 4,403,909 | $205.0M | 2.9% | — |
| MORGAN STANLEY | 3,810,780 | $177.3M | 2.5% | ADD +30.3% |
| FEDERATED HERMES, INC. | 3,127,776 | $145.5M | 2.1% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| FMR LLC | TRIM | 19,236,585 | 11,436,861 | -40.5% | $532.2M |
| VICTORY CAPITAL MANAGEMENT INC | TRIM | 8,318,682 | 6,051,488 | -27.3% | $281.6M |
| MORGAN STANLEY | ADD | 2,925,161 | 3,810,780 | +30.3% | $177.3M |
| Quantinno Capital Management LP | ADD | 1,757,616 | 2,576,763 | +46.6% | $119.9M |
| NORGES BANK | NEW | — | 2,523,970 | — | $117.4M |
| Daiwa Securities Group Inc. | DOUBLED | 78,482 | 1,930,802 | +2360.2% | $89.8M |
| BANK OF AMERICA CORP /DE/ | ADD | 1,083,524 | 1,885,611 | +74.0% | $87.7M |
| Jefferies Financial Group Inc. | DOUBLED | 541,675 | 1,431,000 | +164.2% | $66.6M |
| HSBC HOLDINGS PLC | ADD | 517,504 | 689,173 | +33.2% | $32.2M |
| IEQ CAPITAL, LLC | ADD | 389,438 | 632,349 | +62.4% | $29.4M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
10 insiders, 22 transactions. Net -$1.9M — $0.00 bought, $1.9M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | HOLDEN BETSY D | Director | AWARD | 1,217 | $48.14 | $58.6K |
| Jul 31, 2026 | Beall Pamela K.M. | Director | AWARD | 831 | $48.14 | $40.0K |
| Jul 31, 2026 | FRITSCH EDWARD J | Director | AWARD | 1,118 | $48.14 | $53.8K |
| Jul 31, 2026 | Gulacsy Elizabeth | Director | AWARD | 1,039 | $48.14 | $50.0K |
| Jul 31, 2026 | FICK DAVID M | Director | AWARD | 1,715 | $48.14 | $82.6K |
| Jul 31, 2026 | Witherspoon Kamau Omari | Director | AWARD | 1,353 | $48.14 | $65.1K |
| Apr 30, 2026 | Witherspoon Kamau Omari | Director | AWARD | 1,391 | $43.52 | $60.5K |
| Apr 30, 2026 | Gulacsy Elizabeth | Director | AWARD | 1,049 | $43.52 | $45.7K |
| Apr 30, 2026 | FRITSCH EDWARD J | Director | AWARD | 833 | $43.52 | $36.3K |
| Apr 30, 2026 | HOLDEN BETSY D | Director | AWARD | 1,243 | $43.52 | $54.1K |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for NNN.
Shares short
6,359,974
Settlement Sep 15, 2026
Change vs prior
-20.5%
Semi-monthly cycle
Days to cover
4.4
At avg daily volume
Of shares outstanding
≈3.3%
Estimate — not % of float
All NNN filing & press-release reports (7)
- 8-K reportAug 7, 2026
- 424B5 reportAug 6, 2026
- S-3ASR reportAug 6, 2026
- 8-K reportAug 5, 2026
- 8-K reportJun 24, 2026
- 8-K reportApr 30, 2026
- CLUSTER reportMar 9, 2026