NNN — NNN REIT, Inc.

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates NNN Bullish with a Setup Score of 72, net conviction 43, actionability 120. How the Setup Score works →

Total Setup Score72
Directional BiasBullish
Net Conviction43
Actionability120 (in range)

Key signals behind this score

About NNN REIT, Inc.

NNN REIT, Inc. is a REIT that invests in high-quality properties subjected generally to long-term, net leases with minimal ongoing capital expenditures. As of June 30, 2026, the Company owned 3,774 properties across 50 states, the District of Columbia and Puerto Rico, encompassing approximately 40.4 million square feet of gross leasable area, with a weighted average remaining lease term of 10.1 years. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$45.33
Market Cap$8.77B
Float179.6M
Shares Outstanding190.2M
P/E (Forward)21.60
P/E (TTM)22.70
Price/Sales (TTM)9.20
vs. Analyst Target+5.4% to analyst PT
Profit Margin40.35%
Operating Margin (TTM)61.70%
Revenue (TTM)$953M
Earnings Growth (YoY)-3.70%
Dividend Rate2.5%
Analyst Target Price$47.80 (18 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $661M $229M $632M $555M
2021 $726M $290M $698M $633M
2022 $773M $335M $747M $707M
2023 $828M $392M $800M $795M
2024 $869M $397M $837M $831M
2025 $926M $390M $352M $860M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $230M $96.8M
Dec 2025 $238M $96.0M
Mar 2026 $240M $94.0M
Jun 2026 $244M $97.9M

Ownership & Float

Insider Ownership0.9%
Institutional Ownership102.2%
Short Float4.1%
% of All Funds Holding6.79%
Number of Funds Holding597

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$47.23Near-term / short-term trend
Weekly40-Week SMA$44.15Medium-term trend
Weekly80-Week SMA$43.07Cyclical trend (business cycle)
Weekly200-Week SMA$42.83Secular trend (multi-year)
Monthly10-Month SMA$43.77Near-term monthly trend
Monthly20-Month SMA$42.77Medium-term monthly trend
Monthly40-Month SMA$42.39Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$45.00 support 1.32x 1 months ago
$42.00 support 1.13x 5 months ago
$39.60 support 1.06x 6 months ago
$39.10 support 1.27x 17 months ago

Historical Earnings Reactions (114 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.00% 0.00% 45.61% 2.46% -2.22%
1 Day -0.16% 0.11% 50.88% 4.71% -10.92%
1 Week 0.32% 0.49% 55.26% 23.02% -21.74%
2 Weeks 0.17% 0.55% 55.26% 23.14% -35.13%
1 Month 0.72% 0.85% 55.75% 31.96% -33.45%

Next earnings: October 24, 2026 (57 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan0.2%47.6%42
Feb0.5%42.9%42
Mar0.4%64.3%42
Apr0.9%47.6%42
May0.1%52.4%42
Jun1.1%59.5%42
Jul1.5%61.9%42
Aug0.5%56.1%41
Sep-0.5%46.3%41
Oct-0.4%53.7%41
Nov0.9%59.5%42
Dec0.9%50.0%42

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.08% 45.2% 1993
Tuesday 0.05% 44.8% 2163
Wednesday -0.04% 42.5% 2162
Thursday 0.07% 44.6% 2121
Friday 0.04% 44.0% 2109

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 102.2%

Insider Transactions — Smart Summary

Total insider ownership: 0.9%

12-Month Insider Activity Summary

Total Filings5
Net Value-$1.9M
Net Shares Change116,670
% of Float0.1%
C-Suite Filings5
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Horn Stephen A JR President & CEO -$1.5M 2 2 sell
Adamo Jonathan EVP Chief Portfolio Operations -$269,940 1 1 sell
Miller Michelle Lynn EVP,Chief Acctg & Tech Officer -$176,120 2 2 sell

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-03-09 Horn Stephen A JR President & CEO -$1.5M Transaction at $44.98, now +0.8%
2026-03-09 Adamo Jonathan EVP Chief Portfolio Operations -$269,940 Transaction at $44.99, now +0.8%
2026-02-18 Miller Michelle Lynn EVP,Chief Acctg & Tech Officer +N/A N/A
2026-02-18 Horn Stephen A JR President & CEO +N/A N/A
2026-02-23 Miller Michelle Lynn EVP,Chief Acctg & Tech Officer -$176,120 Transaction at $44.03, now +3.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for NNN REIT, Inc. (NNN) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for NNN on Trend Edge →