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NYSE:NNN

NNN REIT (NNN) Stock Price, News & Analysis

NNN REIT logo
$43.92 +0.49 (+1.13%)
(As of 11/20/2024 ET)

About NNN REIT Stock (NYSE:NNN)

Key Stats

Today's Range
$43.08
$44.05
50-Day Range
$41.45
$49.35
52-Week Range
$38.73
$49.57
Volume
1.56 million shs
Average Volume
1.17 million shs
Market Capitalization
$8.24 billion
P/E Ratio
20.33
Dividend Yield
5.28%
Price Target
$46.29
Consensus Rating
Hold

Company Overview

National Retail Properties is a REIT focused on retail-oriented properties across the United States. The company invests in high-quality retail properties subject to long-term leases that generate stable, consistent, predictable income. The company laid claim to 3,305 properties enclosing 33.8 million square feet of space in 48 states leased to 380 tenants engaged in 37 trades as of October 2022.

National Retail Properties was formed in 1984 as Golden Corral Realty Corporation. The company was intended as a means for employees to invest in Golden Corral but it soon took on a life of its own. The company split from its parent in 1993 and then became a REIT in 1998. Since then a number of mergers and acquisitions resulted in the company that is traded today.

National Retail Properties seeks to generate returns for shareholders through capital appreciation and dividends and is one of the most stable dividend payers in the REIT universe. The company made its 33rd consecutive distribution increase in 2022 ranking it 3rd on the list of REITs with sustained annual dividend increases. In regard to all publicly listed companies, there are less than 90 which have increased their payout for as many years or more as National Retail Properties. The compound annual growth rate runs in the range of 4% to 5%.

National Retail Properties is not limited in scope to the type of business it will lease to. The top four sectors occupying its space, however, are convenience stores, automotive-related, full-service, and limited-service restaurants which command a lion’s share of retail dollars. These segments made up nearly 49% of the portfolio in 2022 with no tenant making up more than 5% of the total income.

The top three tenants at the time are 7-11, Mister Car Wash, and Camping World followed by L.A. Fitness, GPM Investments (convenience), and Dave & Buster’s. The firm's average lease runs in the range of 10.6 years and occupancy runs high and above 99%. Properties are all single-occupier and leased on a net basis. Most properties are leased on a triple-net basis which means National Retail Properties is insulated from taxes, maintenance, and insurance costs. Other notable tenants include Yum! Brands and Wendy’s.

National Retail Properties uses leverage to enhance its returns. The company’s debt ratio is low however and its debt carries an investment-grade rating from Standard & Poors and Moody’s.

NNN REIT Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
81st Percentile Overall Score

NNN MarketRank™: 

NNN REIT scored higher than 81% of companies evaluated by MarketBeat, and ranked 261st out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    NNN REIT has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    NNN REIT has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about NNN REIT's stock forecast and price target.
  • Earnings Growth

    Earnings for NNN REIT are expected to grow by 3.03% in the coming year, from $3.30 to $3.40 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of NNN REIT is 20.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of NNN REIT is 20.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

  • Price to Earnings Growth Ratio

    NNN REIT has a PEG Ratio of 2.13. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    NNN REIT has a P/B Ratio of 1.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about NNN REIT's valuation and earnings.
  • Percentage of Shares Shorted

    2.77% of the outstanding shares of NNN REIT have been sold short.
  • Short Interest Ratio / Days to Cover

    NNN REIT has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in NNN REIT has recently increased by 29.10%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    NNN REIT is a leading dividend payer. It pays a dividend yield of 5.50%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    NNN REIT has been increasing its dividend for 35 years.

  • Dividend Coverage

    The dividend payout ratio of NNN REIT is 107.41%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, NNN REIT will have a dividend payout ratio of 68.24% next year. This indicates that NNN REIT will be able to sustain or increase its dividend.

  • Read more about NNN REIT's dividend.
  • Percentage of Shares Shorted

    2.77% of the outstanding shares of NNN REIT have been sold short.
  • Short Interest Ratio / Days to Cover

    NNN REIT has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in NNN REIT has recently increased by 29.10%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    NNN REIT has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for NNN REIT this week, compared to 4 articles on an average week.
  • Search Interest

    Only 12 people have searched for NNN on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
  • MarketBeat Follows

    6 people have added NNN REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, NNN REIT insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.80% of the stock of NNN REIT is held by insiders.

  • Percentage Held by Institutions

    89.96% of the stock of NNN REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about NNN REIT's insider trading history.
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NNN Stock Analysis - Frequently Asked Questions

NNN REIT's stock was trading at $43.10 at the beginning of the year. Since then, NNN shares have increased by 1.9% and is now trading at $43.92.
View the best growth stocks for 2024 here
.

NNN REIT, Inc. (NYSE:NNN) issued its quarterly earnings results on Thursday, August, 1st. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by $0.24. The company's revenue was up 7.0% compared to the same quarter last year.

NNN REIT's top institutional shareholders include Sound Income Strategies LLC (0.17%), Goodman Financial Corp (0.15%), OVERSEA CHINESE BANKING Corp Ltd (0.10%) and Captrust Financial Advisors (0.06%). Insiders that own company stock include Kevin B Habicht, Christopher Paul Tessitore, Michelle Lynn Miller and Jonathan Adamo.
View institutional ownership trends
.

Shares of NNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that NNN REIT investors own include Verizon Communications (VZ), Realty Income (O), Enterprise Products Partners (EPD), Exxon Mobil (XOM), AbbVie (ABBV), AT&T (T) and Cenovus Energy (CVE).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 11/15 Dividend
10/31/2024
Dividend Payable
11/15/2024
Today
11/20/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
63741710
Employees
80
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$46.29
High Stock Price Target
$50.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$392.34 million
Pretax Margin
45.63%

Debt

Sales & Book Value

Annual Sales
$867.02 million
Cash Flow
$3.65 per share
Book Value
$22.78 per share

Miscellaneous

Free Float
186,026,000
Market Cap
$8.24 billion
Optionable
Optionable
Beta
1.10

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This page (NYSE:NNN) was last updated on 11/21/2024 by MarketBeat.com Staff
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