NNN REIT (NNN) to Release Quarterly Earnings on Thursday

NNN REIT (NYSE:NNN - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.82 per share and revenue of $217.52 million for the quarter.

NNN REIT Price Performance

NNN traded down $0.23 during midday trading on Friday, hitting $38.59. 1,103,805 shares of the company traded hands, compared to its average volume of 923,638. The business has a 50 day simple moving average of $40.47 and a two-hundred day simple moving average of $44.23. NNN REIT has a 52-week low of $37.55 and a 52-week high of $49.57. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.94 and a beta of 1.11. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 1.00.

NNN REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Friday, January 31st. NNN REIT's dividend payout ratio is presently 107.41%.

Insider Activity at NNN REIT

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 value of $42,510.00. Following the completion of the sale, the executive vice president now directly owns 68,756 shares in the company, valued at approximately $2,922,817.56. The trade was a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. BNP Paribas cut NNN REIT from a "neutral" rating to an "underperform" rating and set a $44.00 target price for the company. in a report on Monday, November 4th. B. Riley decreased their price objective on NNN REIT from $49.00 to $46.50 and set a "buy" rating on the stock in a report on Wednesday, December 4th. StockNews.com lowered shares of NNN REIT from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Morgan Stanley raised shares of NNN REIT from an "equal weight" rating to an "overweight" rating and set a $48.00 price target on the stock in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group cut shares of NNN REIT from a "buy" rating to a "hold" rating and dropped their price objective for the company from $52.00 to $43.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $45.35.

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.