NNN REIT (NNN) Expected to Announce Earnings on Tuesday

NNN REIT (NYSE:NNN - Get Free Report) is projected to release its Q4 2024 earnings data before the market opens on Tuesday, February 11th. Analysts expect NNN REIT to post earnings of $0.82 per share and revenue of $217.52 million for the quarter.

NNN REIT Trading Down 0.9 %

NNN REIT stock traded down $0.36 during mid-day trading on Friday, hitting $40.45. The company's stock had a trading volume of 1,550,020 shares, compared to its average volume of 1,244,994. The firm has a market capitalization of $7.59 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. NNN REIT has a 1 year low of $37.55 and a 1 year high of $49.57. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 1.00. The stock's fifty day moving average is $40.14 and its two-hundred day moving average is $44.05.

NNN REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.58 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.32 annualized dividend and a yield of 5.74%. NNN REIT's payout ratio is 107.41%.

Insider Activity

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 68,756 shares in the company, valued at $2,922,817.56. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NNN shares. Barclays lowered their price objective on NNN REIT from $48.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Janney Montgomery Scott lowered NNN REIT from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a research report on Wednesday, January 15th. B. Riley lowered their price target on NNN REIT from $49.00 to $46.50 and set a "buy" rating for the company in a research report on Wednesday, December 4th. Royal Bank of Canada lowered their price target on NNN REIT from $45.00 to $43.00 and set a "sector perform" rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group lowered NNN REIT from a "buy" rating to a "hold" rating and lowered their price target for the stock from $52.00 to $43.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $45.19.

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.