Wells Fargo cuts target for NNN REIT stock to USD 43.00

Published on 10/20/2026 at 21:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 7.70 percent to USD 244.27 million. NNN REIT stock costs EUR 36.81 on October 20, 2026 at 9:11 p.m. CEST.

Analyst target and reporting date

Wells Fargo lowered its NNN REIT target from USD 47.00 to USD 43.00 on October 19, 2026.
Second-quarter revenue rose 7.70 percent to USD 244.27 million.
NNN REIT stock costs EUR 36.81 at Lang & Schwarz on October 20, 2026 at 9:11 p.m. CEST.

NNN, US6374171063, Illustration mit AI erstellt.

Wells Fargo lowered its NNN REIT target from USD 47.00 to USD 43.00 on October 19, 2026, while maintaining an Equal Weight rating, Markets Insider reported. The lower target places the analyst view 3.99 percent above the USD 41.35 NYSE quote recorded on October 20, 2026 at 3:13 p.m. ET. NNN REIT stock was trading at EUR 36.81 at Lang & Schwarz on October 20, 2026 at 9:11 p.m. CEST.

Revenue growth meets a softer profit

NNN REIT generated USD 244.27 million in revenue in the second quarter of 2026, up 7.70 percent from the second quarter of 2025. Net income was USD 97.92 million, down 2.40 percent from the year-earlier quarter, while diluted earnings per share came in at USD 0.52 versus USD 0.54. These figures were reported in a second-quarter review by Simply Wall St on October 16, 2026.

Portfolio remains heavily occupied

As of June 30, 2026, NNN REIT owned 3,774 properties across the United States, with occupancy at 99.10 percent and a weighted average remaining lease term of 10.10 years. Annualized base rent reached USD 959.10 million, up 7.30 percent year over year, according to Yahoo Finance.

Dividend and valuation dates

NNN REIT declared a quarterly dividend of USD 0.62 per share on October 15, 2026. The payment date is November 13, 2026, and the ex-dividend and record date is October 30, 2026, as reported by MarketScreener. The annualized yield shown by NNN REIT is 6.10 percent, while the price-to-earnings ratio is 20.27.

NNN REIT's investor dashboard lists the next earnings call for November 4, 2026, before the market opens, and identifies the company as a New York Stock Exchange listed retail real estate investment trust, NNN REIT states.

Comparison with peers

NNN REIT (NYSE, USD): price-to-earnings ratio 20.27, market capitalization USD 7.9 billion.

Realty Income (NYSE, USD): price-to-earnings ratio 41.14, market capitalization USD 53.4 billion.

Agree Realty (NYSE, USD): price-to-earnings ratio 36.01, market capitalization USD 8.3 billion.

Stock position and next date

NNN REIT had a 52-week range of USD 38.90 to USD 50.00 on October 20, 2026, with a market capitalization of USD 7.9 billion. Its next scheduled reporting date is November 4, 2026. The combination of a 3.99 percent target distance and a 6.10 percent dividend yield leaves the upcoming quarterly report as the next dated test for the valuation.

The further course of trading is shown by the continuously updated real-time quote of NNN REIT stock.