NNN REIT (NYSE:NNN) Issues 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 3.360-3.400 for the period, compared to the consensus earnings per share estimate of 2.520. The company issued revenue guidance of -.

NNN REIT Stock Down 0.3%

Shares of NNN REIT stock traded down $0.11 during trading on Wednesday, reaching $39.72. The company had a trading volume of 358,414 shares, compared to its average volume of 1,276,620. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The firm’s fifty day moving average is $42.25 and its 200-day moving average is $42.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. NNN REIT has a fifty-two week low of $35.80 and a fifty-two week high of $44.81.

NNN REIT (NYSE:NNN) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. The firm had revenue of $230.16 million for the quarter, compared to analyst estimates of $228.45 million. NNN REIT had a net margin of 43.90% and a return on equity of 9.00%. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. On average, analysts anticipate that NNN REIT will post 3.33 EPS for the current year.

NNN REIT Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, October 31st. NNN REIT’s dividend payout ratio (DPR) is presently 114.29%.

Analysts Set New Price Targets

NNN has been the subject of a number of research reports. Evercore ISI reduced their target price on shares of NNN REIT from $46.00 to $44.00 and set an “in-line” rating for the company in a report on Wednesday. Barclays reduced their target price on shares of NNN REIT from $44.00 to $43.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of NNN REIT in a research report on Wednesday, October 8th. B. Riley upped their price target on shares of NNN REIT from $43.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Finally, UBS Group increased their target price on shares of NNN REIT from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NNN REIT stock. Captrust Financial Advisors grew its stake in NNN REIT, Inc. (NYSE:NNN) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,265 shares of the real estate investment trust’s stock after acquiring an additional 3,897 shares during the period. Captrust Financial Advisors owned 0.06% of NNN REIT worth $4,977,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.