NNN REIT (NYSE:NNN) Issues Earnings Results

NNN REIT (NYSE:NNN) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82, Zacks reports. NNN REIT had a net margin of 45.63% and a return on equity of 9.37%. NNN REIT updated its FY 2025 guidance to 3.330-3.380 EPS.

NNN REIT Trading Up 6.1 %

NYSE:NNN traded up $2.31 during midday trading on Tuesday, hitting $40.37. The stock had a trading volume of 1,692,501 shares, compared to its average volume of 1,067,165. The stock has a 50-day moving average of $40.36 and a 200 day moving average of $44.18. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.94 and a beta of 1.11. NNN REIT has a one year low of $37.55 and a one year high of $49.57. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.00.

NNN REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.75%. The ex-dividend date is Friday, January 31st. NNN REIT’s dividend payout ratio is presently 107.41%.

Insider Buying and Selling at NNN REIT

In other news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total value of $42,510.00. Following the completion of the transaction, the executive vice president now directly owns 68,756 shares of the company’s stock, valued at approximately $2,922,817.56. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Jefferies Financial Group cut NNN REIT from a “buy” rating to a “hold” rating and cut their price target for the company from $52.00 to $43.00 in a report on Thursday, January 2nd. B. Riley reduced their target price on shares of NNN REIT from $49.00 to $46.50 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Janney Montgomery Scott downgraded shares of NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, January 15th. BNP Paribas cut NNN REIT from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a research note on Monday, November 4th. Finally, Barclays lowered their price objective on NNN REIT from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, NNN REIT currently has a consensus rating of “Hold” and a consensus target price of $45.35.

NNN REIT Company Profile

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.