NNN stock gains as Morgan Stanley upgrades the REIT

Published on 09/23/2026 at 00:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NNN stock closed at USD 42.02 on September 21, 2026, after Morgan Stanley raised its rating to Overweight. Latest quarterly revenue reached USD 244.27 million.

NNN, US6376091040, Illustration mit AI erstellt.

NNN REIT, Inc. (ISIN US6376091040) closed at USD 42.02 on the NYSE on September 21, 2026, after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and set a USD 50 price target. The rating change gives the latest market move a concrete catalyst, while the stock remains below its 52-week high of USD 50.00.

Morgan Stanley raises its target

According to Ad Hoc News on September 21, 2026, Morgan Stanley raised its recommendation from Equal-Weight to Overweight and assigned a USD 50 price target. The target stands USD 7.98 above the cited share price of USD 42.02, a difference of approximately 19 percent.

The wider analyst picture is less aggressive. Ad Hoc News reported on September 21, 2026, that MarketBeat recorded a consensus Hold rating and an average target price of USD 47.60, based on four Buy ratings, eight Holds and two Sells. Morgan Stanley's USD 50 target is therefore USD 2.40 above that published average.

Latest quarterly figures beat estimates

NNN REIT reported its latest earnings on August 5, 2026, with actual earnings per share of USD 0.52 against an estimate of USD 0.5117. According to Fintel, the result represented a positive surprise of 1.62 percent.

Quarterly revenue reached USD 244.266 million, compared with an estimate of USD 243.005 million, according to Fintel on September 21, 2026. Revenue therefore exceeded the estimate by USD 1.261 million, while the August 5, 2026 reporting date places the figures inside the current nine-month interim reporting window.

Stock remains below yearly high

The September 21, 2026 close of USD 42.02 was USD 7.98 below the 52-week high of USD 50.00 and USD 3.12 above the 52-week low of USD 38.90. Trading volume was 190,841 shares, compared with an average volume of 1.595 million shares, according to the market snapshot cited by Ad Hoc News on September 21, 2026. The daily volume was therefore below the stated average, making the analyst action more important than a broad volume-driven breakout.

NNN REIT's market capitalization stood at USD 8.06 billion on September 21, 2026. The combination of a fresh Overweight rating, a USD 50 target and quarterly earnings per share of USD 0.52 gives investors three measurable reference points: valuation expectations, reported profitability and the current distance from the yearly high.

NNN stock closes at USD 42.02

NNN stock closed at USD 42.02 on the NYSE on September 21, 2026. The same dated market snapshot placed the 52-week range at USD 38.90 to USD 50.00 and market capitalization at USD 8.06 billion.