NNN REIT (NYSE:NNN) Issues FY 2025 Earnings Guidance

NNN REIT (NYSE:NNN - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 3.330-3.380 for the period, compared to the consensus EPS estimate of 3.370. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research firms recently weighed in on NNN. Janney Montgomery Scott cut shares of NNN REIT from a "buy" rating to a "neutral" rating and set a $43.00 target price for the company. in a research note on Wednesday, January 15th. Colliers Securities cut shares of NNN REIT from a "buy" rating to a "neutral" rating in a research note on Friday, November 1st. Morgan Stanley raised NNN REIT from an "equal weight" rating to an "overweight" rating and set a $48.00 price target for the company in a report on Wednesday, January 15th. Robert W. Baird raised their price target on NNN REIT from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, BNP Paribas downgraded NNN REIT from a "neutral" rating to an "underperform" rating and set a $44.00 price target for the company. in a report on Monday, November 4th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.19.

NNN REIT Stock Performance

Shares of NNN traded down $0.35 during midday trading on Friday, reaching $40.46. 1,000,194 shares of the stock were exchanged, compared to its average volume of 1,225,083. NNN REIT has a twelve month low of $37.55 and a twelve month high of $49.57. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.00. The company has a market cap of $7.59 billion, a P/E ratio of 18.73, a PEG ratio of 1.94 and a beta of 1.11. The stock's 50 day simple moving average is $40.18 and its 200 day simple moving average is $44.09.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, January 31st. NNN REIT's dividend payout ratio is currently 107.41%.

Insider Buying and Selling

In related 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 transaction, the executive vice president now owns 68,756 shares in the company, valued at approximately $2,922,817.56. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is owned by company insiders.

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.