NNN REIT (NYSE:NNN – Get Free Report) is set to announce its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
NNN REIT Stock Up 0.3 %
NNN REIT stock traded up $0.14 during midday trading on Tuesday, reaching $45.81. The company’s stock had a trading volume of 379,705 shares, compared to its average volume of 1,186,981. The business has a 50-day simple moving average of $42.89 and a 200-day simple moving average of $41.94. The company has a market cap of $8.40 billion, a P/E ratio of 20.95, a P/E/G ratio of 3.59 and a beta of 1.07. NNN REIT has a fifty-two week low of $34.38 and a fifty-two week high of $46.75. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.04.
NNN REIT Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Wednesday, July 31st. This is a positive change from NNN REIT’s previous quarterly dividend of $0.57. NNN REIT’s dividend payout ratio (DPR) is 103.67%.
Analyst Ratings Changes
Read Our Latest Report on NNN REIT
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.
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