NNN REIT (NYSE:NNN - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect NNN REIT to post earnings of $0.83 per share and revenue of $219.68 million for the quarter.
NNN REIT Price Performance
Shares of NNN stock traded down $0.11 during trading hours on Friday, hitting $40.85. The stock had a trading volume of 1,118,870 shares, compared to its average volume of 1,184,661. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 2.06 and a beta of 0.85. NNN REIT has a one year low of $35.80 and a one year high of $49.57. The stock's 50-day moving average price is $41.43 and its two-hundred day moving average price is $41.95.
NNN REIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.58 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.68%. NNN REIT's dividend payout ratio (DPR) is presently 107.91%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on NNN shares. Barclays boosted their target price on NNN REIT from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Janney Montgomery Scott downgraded shares of NNN REIT from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a research note on Wednesday, January 15th. Royal Bank of Canada reduced their price target on NNN REIT from $45.00 to $43.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 12th. Evercore ISI started coverage on NNN REIT in a research report on Friday, January 31st. They issued an "inline" rating and a $42.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of NNN REIT from $41.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NNN REIT has an average rating of "Hold" and an average target price of $44.54.
Check Out Our Latest Stock Analysis on NNN
NNN REIT Company Profile
(
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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.
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