NNN REIT (NYSE:NNN) Announces Earnings Results

NNN REIT (NYSE:NNN - Get Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.82, Zacks reports. NNN REIT had a return on equity of 9.37% and a net margin of 45.63%. During the same period in the prior year, the company posted $0.53 EPS. NNN REIT updated its FY 2025 guidance to 3.330-3.380 EPS.

NNN REIT Stock Down 0.8 %

Shares of NYSE NNN traded down $0.34 during mid-day trading on Friday, hitting $40.47. The company had a trading volume of 1,000,194 shares, compared to its average volume of 1,225,083. The company 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. The business's 50-day simple moving average is $40.18 and its 200 day simple moving average is $44.09. NNN REIT has a 1-year low of $37.55 and a 1-year high of $49.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.85 and a quick ratio of 2.85.

NNN REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.73%. NNN REIT's dividend payout ratio (DPR) is 107.41%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NNN REIT in a research report on Wednesday, December 11th. They set a "hold" rating and a $46.00 target price for the company. StockNews.com downgraded NNN REIT from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Barclays cut their target price on shares of NNN REIT from $48.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. BNP Paribas cut NNN REIT from a "neutral" rating to an "underperform" rating and set a $44.00 price objective on the stock. in a report on Monday, November 4th. Finally, Janney Montgomery Scott cut NNN REIT from a "buy" rating to a "neutral" rating and set a $43.00 target price for the company. in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, NNN REIT currently has an average rating of "Hold" and an average price target of $45.19.

Insiders Place Their Bets

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 of the company's stock, valued at approximately $2,922,817.56. This represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.82% of the stock is owned by company insiders.

About NNN REIT

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.