Ex-Dividend Reminder: NNN REIT, Morgan Stanley and Independent Bank Group

Written by Emily J. Thompson, Senior Investment Analyst

NNN+1.02%

MS-1.12%

IBTX%

Source: NASDAQ.COM

Updated: Oct 29 2024

0mins

Source: NASDAQ.COM

Upcoming Ex-Dividend Dates: NNN REIT Inc, Morgan Stanley, and Independent Bank Group Inc. will trade ex-dividend on 10/31/24, with respective dividends of $0.58, $0.925, and $0.38 to be paid shortly after.
Estimated Annual Yields: The estimated annual yields based on recent stock prices are 4.98% for NNN REIT Inc, 3.11% for Morgan Stanley, and 2.57% for Independent Bank Group Inc., indicating potential stability in their dividend payments.

NNN

$42.64+Infinity%1D

Analyst Views on NNN

Wall Street analysts forecast NNN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NNN is 44.00 USD with a low forecast of 43.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Analyst Rating

1 Buy

6 Hold

1 Sell

Hold

Current: 42.210

Low

43.00

Averages

44.00

High

48.00

Current: 42.210

Low

43.00

Averages

44.00

High

48.00

UBS

Neutral

downgrade

$44 -> $43

Al Analysis

2026-01-08

Reason

UBS

Price Target

$44 -> $43

Al Analysis

2026-01-08

downgrade

Neutral

Reason

UBS lowered the firm's price target on NNN REIT to $43 from $44 and keeps a Neutral rating on the shares. 2026 is expected to mark a pivotal REIT turnaround, with forecast total returns of 9%-11% driven by improving macro conditions, attractive valuations, easing supply pressures, and a more stable political backdrop, the analyst tells investors in a research note. The outlook points to a bifurcated year with defensiveness in the first half of 2026 and stronger catalysts in the second half, favoring Healthcare, Shopping Centers, and Coastal Apartments, UBS says.

Evercore ISI

analyst

In Line

downgrade

$44 -> $43

2025-12-15

Reason

Evercore ISI

analyst

Price Target

$44 -> $43

2025-12-15

downgrade

In Line

Reason

Evercore ISI lowered the firm's price target on NNN REIT to $43 from $44 and keeps an In Line rating on the shares. More insights than expected emerged at the NAREIT conference, including notable positive shifts in the REIT landscape, says the analyst in a noted on the group. The NAREIT conference revealed a more optimistic outlook for office and industrial sectors, while challenges remain in residential and storage segments, the analyst added.

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Wells Fargo

Equal Weight

maintain

$43 -> $44

2025-11-25

Reason

Wells Fargo

Price Target

$43 -> $44

2025-11-25

maintain

Equal Weight

Reason

Wells Fargo raised the firm's price target on NNN REIT to $44 from $43 and keeps an Equal Weight rating on the shares. The firm says that despite a few high-profile exceptions, most REITs delivered Q3 2025 earnings and outlooks reflecting healthy operating conditions despite macro and labor market concerns.

B. Riley

John Massocca

Neutral

downgrade

$44 -> $43

2025-11-14

Reason

B. Riley

John Massocca

Price Target

$44 -> $43

2025-11-14

downgrade

Neutral

Reason

B. Riley analyst John Massocca lowered the firm's price target on NNN REIT to $43 from $44 and keeps a Neutral rating on the shares. The firm doesn't see a company-specific catalyst for NNN REIT to expand its valuation in the near-term with its investment spreads seeming to have narrowed slightly and limited uncertainties with the REIT's in place portfolio, the analyst tells investors in a research note. B. Riley says NNN REIT could be a resilient performer in a recession, given its conservative business model and historical underwriting, the benefit it could see on multiple fronts from lower interest rates, and the firm's view that markets already have a muted expectation for the REIT's growth potential, limiting volatility downside.

About NNN

NNN REIT, Inc. is a fully integrated real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. The Company invests primarily in retail real estate that is typically well located within each local market for its tenants' retail lines of trade. The Company's property portfolio includes convenience stores; automotive service; restaurants - limited service; restaurants - full service; family entertainment centers; recreational vehicle dealers, parts and accessories; theaters; health and fitness; equipment rental; wholesale clubs; automotive parts; drug stores; home improvement; medical service providers; general merchandise, and pet supplies and services. The Company owns approximately 3,568 properties in 49 states with a gross leasable area of approximately 36.6 million square feet and a weighted average remaining lease term of 9.9 years.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.