NNN REIT (NYSE:NNN) Updates FY 2025 Earnings Guidance

NNN REIT (NYSE:NNN) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.330-3.380 for the period, compared to the consensus earnings per share estimate of 3.370. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NNN shares. Janney Montgomery Scott cut NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research note on Wednesday, January 15th. BNP Paribas lowered shares of NNN REIT from a “neutral” rating to an “underperform” rating and set a $44.00 price objective for the company. in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NNN REIT in a research report on Wednesday, December 11th. They set a “hold” rating and a $46.00 target price on the stock. B. Riley cut their price target on shares of NNN REIT from $49.00 to $46.50 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Finally, Morgan Stanley upgraded shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.19.

NNN REIT Trading Down 1.5 %

NYSE NNN opened at $39.63 on Thursday. NNN REIT has a 1 year low of $37.55 and a 1 year high of $49.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.85 and a quick ratio of 2.85. The company has a market capitalization of $7.43 billion, a PE ratio of 18.35, a P/E/G ratio of 1.94 and a beta of 1.11. The company has a fifty day moving average of $40.23 and a 200 day moving average of $44.11.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.58 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.85%. NNN REIT’s dividend payout ratio (DPR) is presently 107.41%.

Insider Transactions at NNN REIT

In related news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were 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 in the company, valued at $2,922,817.56. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.