NNN REIT (NYSE:NNN) Releases Earnings Results

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

NNN REIT Price Performance

Shares of NNN REIT stock traded up $2.31 during trading on Tuesday, hitting $40.37. 1,692,501 shares of the company were exchanged, compared to its average volume of 1,067,165. NNN REIT has a fifty-two week low of $37.55 and a fifty-two week high of $49.57. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.94 and a beta of 1.11. The firm has a 50 day moving average price of $40.36 and a 200 day moving average price of $44.18. 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 Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Janney Montgomery Scott lowered NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of NNN REIT in a research note on Wednesday, December 11th. They issued a “hold” rating and a $46.00 price target on the stock. Jefferies Financial Group downgraded NNN REIT from a “buy” rating to a “hold” rating and cut their price objective for the company from $52.00 to $43.00 in a report on Thursday, January 2nd. UBS Group lowered their target price on NNN REIT from $49.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Finally, Robert W. Baird lifted their price objective 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.35.

Insider Activity

In related news, EVP Michelle Lynn Miller sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total transaction of $42,510.00. Following the transaction, the executive vice president now directly owns 68,756 shares in the company, valued at $2,922,817.56. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.82% 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.