B. Riley Has Negative Outlook of NNN REIT FY2025 Earnings

NNN REIT, Inc. (NYSE:NNN - Free Report) - Analysts at B. Riley reduced their FY2025 EPS estimates for NNN REIT in a note issued to investors on Wednesday, December 4th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will post earnings of $3.36 per share for the year, down from their previous estimate of $3.40. B. Riley currently has a "Buy" rating and a $46.50 target price on the stock. The consensus estimate for NNN REIT's current full-year earnings is $3.28 per share. B. Riley also issued estimates for NNN REIT's Q4 2025 earnings at $0.86 EPS and FY2026 earnings at $3.49 EPS.

A number of other research analysts have also recently weighed in on the stock. UBS Group cut their price objective on shares of NNN REIT from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Robert W. Baird boosted their target price on shares of NNN REIT from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $50.00 target price (up from $47.00) on shares of NNN REIT in a report on Tuesday, October 1st. Colliers Securities downgraded shares of NNN REIT from a "buy" rating to a "neutral" rating in a research note on Friday, November 1st. Finally, Raymond James boosted their price target on shares of NNN REIT from $47.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $45.93.

NNN REIT Stock Performance

Shares of NNN REIT stock traded up $0.16 during trading on Monday, hitting $42.66. 727,968 shares of the company's stock were exchanged, compared to its average volume of 1,171,852. NNN REIT has a 52-week low of $38.88 and a 52-week high of $49.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85. The business has a 50-day simple moving average of $45.31 and a 200-day simple moving average of $45.05. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.16 and a beta of 1.10.

Institutional Investors Weigh In On NNN REIT

Hedge funds have recently modified their holdings of the company. Goodman Financial Corp boosted its position in shares of NNN REIT by 1.2% in the third quarter. Goodman Financial Corp now owns 290,061 shares of the real estate investment trust's stock worth $14,065,000 after acquiring an additional 3,388 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in NNN REIT by 7.1% during the third quarter. Strengthening Families & Communities LLC now owns 63,238 shares of the real estate investment trust's stock valued at $3,066,000 after buying an additional 4,170 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in NNN REIT by 17.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 188,369 shares of the real estate investment trust's stock valued at $9,134,000 after buying an additional 28,476 shares in the last quarter. Farther Finance Advisors LLC lifted its position in NNN REIT by 14.1% during the third quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust's stock valued at $110,000 after buying an additional 280 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in NNN REIT by 19.0% during the third quarter. Sound Income Strategies LLC now owns 315,118 shares of the real estate investment trust's stock valued at $15,280,000 after buying an additional 50,213 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

NNN REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.58 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.32 annualized dividend and a yield of 5.44%. NNN REIT's dividend payout ratio (DPR) is currently 107.41%.

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.