NNN REIT (NNN) Projected to Post Earnings on Thursday

NNN REIT (NYSE:NNN) is anticipated to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.82 per share and revenue of $218.40 million for the quarter.

NNN REIT Trading Up 0.0 %

NNN stock opened at $38.94 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.85 and a quick ratio of 2.85. NNN REIT has a 1-year low of $37.55 and a 1-year high of $49.57. The business has a 50 day simple moving average of $40.69 and a two-hundred day simple moving average of $44.34. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.97 and a beta of 1.11.

NNN REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.96%. NNN REIT’s dividend payout ratio is 107.41%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NNN shares. B. Riley reduced their price objective on NNN REIT from $49.00 to $46.50 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Robert W. Baird boosted their price target on shares of NNN REIT from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Jefferies Financial Group lowered shares of NNN REIT from a “buy” rating to a “hold” rating and lowered their price objective for the company from $52.00 to $43.00 in a research report on Thursday, January 2nd. Barclays reduced their target price on shares of NNN REIT from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Morgan Stanley raised shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.35.

Insider Activity

In other news, EVP Michelle Lynn Miller sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $42.51, for a total transaction of $42,510.00. Following the transaction, the executive vice president now owns 68,756 shares in the company, valued at $2,922,817.56. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.80% of the company’s stock.

About NNN REIT

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.