Wells Fargo Highlights Resilient Operations for NNN REIT in Sector Review

NNN REIT, Inc. (NYSE:NNN) is included among the 15 Dividend Stocks Paying 4%+ Yield in 2025.

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On November 26, Wells Fargo increased its price target on NNN REIT, Inc. (NYSE:NNN) to $44 from $43 and kept an Equal Weight rating on the stock. The firm’s update was a part of its broader outlook on the REIT sector and its earnings, which have revealed healthy operating conditions regardless of labor market concerns and macro uncertainties.

NNN REIT, Inc. (NYSE:NNN) emerges as a key player in the REIT sector because of its business model, which involves investing in freestanding retail properties secured by long-term, triple-net leases. The company’s rental income also remains consistent and stable as operating costs and other routine maintenance fall on tenants’ shoulders. This consistent rental income gives the company more flexibility when it comes to utilizing cash.

NNN REIT, Inc. (NYSE:NNN) maintains a cash buffer, paying about 70% of its adjusted FFO in dividends, which leaves much room for the company to invest in more income-generating properties. This steady income has enabled the company to return value to shareholders. NNN has raised its dividends for 36 consecutive years, making it one of the three publicly traded REITs to achieve this mark.

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Disclosure: None.