NNN REIT (NYSE:NNN) Releases Earnings Results, Meets Estimates

by · The Cerbat Gem

NNN REIT (NYSE:NNN – Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86, Zacks reports. NNN REIT had a return on equity of 9.00% and a net margin of 43.90%.The company had revenue of $230.16 million for the quarter, compared to analysts’ expectations of $228.45 million. NNN REIT updated its FY 2025 guidance to 3.360-3.400 EPS.

NNN REIT Trading Up 0.2%

NNN REIT stock traded up $0.07 during midday trading on Thursday, reaching $39.90. The stock had a trading volume of 381,843 shares, compared to its average volume of 1,279,189. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The company has a fifty day moving average of $42.20 and a 200 day moving average of $42.14. NNN REIT has a 52-week low of $35.80 and a 52-week high of $44.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

NNN REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, October 31st. NNN REIT’s dividend payout ratio is presently 114.29%.

Institutional Investors Weigh In On NNN REIT

A hedge fund recently raised its stake in NNN REIT stock. Captrust Financial Advisors boosted its position in shares of NNN REIT, Inc. (NYSE:NNN – Free Report) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,265 shares of the real estate investment trust’s stock after purchasing an additional 3,897 shares during the quarter. Captrust Financial Advisors owned about 0.06% of NNN REIT worth $4,977,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NNN shares. UBS Group increased their price objective on shares of NNN REIT from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. B. Riley upped their price objective on NNN REIT from $43.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Evercore ISI dropped their target price on NNN REIT from $46.00 to $44.00 and set an “in-line” rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their target price on NNN REIT from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, Barclays reduced their price objective on shares of NNN REIT from $44.00 to $43.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.10.

Get Our Latest Stock Analysis on NNN REIT

About NNN REIT

(Get Free Report)

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.

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