NNN REIT, Inc. (NYSE:NNN) Stock to Pay Quarterly Dividend of $0.62

NNN REIT, Inc. (NYSE:NNN) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.62 per share by the real estate investment trust on Friday, November 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, October 30th.

NNN REIT has a payout ratio of 119.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NNN REIT to earn $3.63 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 68.3%.

NNN REIT Price Performance

Shares of NYSE:NNN opened at $41.20 on Friday. NNN REIT has a twelve month low of $38.90 and a twelve month high of $50.00. The company has a 50-day moving average price of $43.39 and a two-hundred day moving average price of $44.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $7.91 billion, a PE ratio of 20.20, a P/E/G ratio of 6.57 and a beta of 0.78.

NNN REIT (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $244.27 million for the quarter, compared to analysts’ expectations of $240.19 million. NNN REIT had a return on equity of 8.70% and a net margin of 40.35%. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. Equities analysts forecast that NNN REIT will post 3.52 EPS for the current year.

Institutional Investors Weigh In On NNN REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC boosted its position in shares of NNN REIT by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,999 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 251 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of NNN REIT by 155.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 550 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 335 shares during the last quarter. Arizona State Retirement System increased its stake in NNN REIT by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 52,497 shares of the real estate investment trust’s stock worth $2,443,000 after buying an additional 354 shares during the period. GAMMA Investing LLC grew its position in shares of NNN REIT by 24.4% during the second quarter. GAMMA Investing LLC now owns 2,917 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 573 shares in the last quarter. Finally, Castle Rock Wealth Management LLC raised its position in shares of NNN REIT by 8.2% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 7,715 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 583 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

About NNN REIT

NNN REIT, Inc is a real estate investment trust that owns and manages a diversified portfolio of freestanding retail properties. The company primarily leases these properties to tenants under long-term, triple-net lease agreements, which generally require tenants to pay property taxes, insurance and maintenance expenses in addition to rent.

Its properties serve businesses in industries such as convenience stores, automotive services, restaurants, retail, pharmacies and other essential-service categories.