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 -.

NNN REIT Stock Performance

Shares of NNN stock opened at $39.62 on Tuesday. NNN REIT has a 52 week low of $37.55 and a 52 week high of $49.57. The firm’s 50-day simple moving average is $40.36 and its two-hundred day simple moving average is $44.18. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.94 and a beta of 1.11. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85.

NNN REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.86%. The ex-dividend date is Friday, January 31st. NNN REIT’s dividend payout ratio (DPR) is currently 107.41%.

Analysts Set New Price Targets

NNN has been the subject of a number of research reports. Morgan Stanley upgraded shares of NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Wednesday, January 15th. B. Riley reduced their price objective on shares of NNN REIT from $49.00 to $46.50 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Royal Bank of Canada dropped their target price on NNN REIT from $48.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. StockNews.com cut NNN REIT from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, UBS Group dropped their price objective on NNN REIT from $49.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.35.

Insiders Place Their Bets

In other news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,922,817.56. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.82% 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.