NNN REIT (NNN) Expected to Announce Earnings on Thursday

NNN REIT (NYSE:NNN) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.83 per share and revenue of $219.68 million for the quarter.

NNN REIT Stock Up 0.5 %

NNN REIT stock opened at $41.33 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $41.43 and a two-hundred day moving average of $41.86. NNN REIT has a twelve month low of $35.80 and a twelve month high of $49.57. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.06 and a beta of 0.85.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Wednesday, April 30th. NNN REIT’s payout ratio is 107.91%.

Analyst Ratings Changes

Several research analysts have issued reports on NNN shares. Morgan Stanley upgraded NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Wednesday, January 15th. Jefferies Financial Group lowered NNN REIT from a “buy” rating to a “hold” rating and decreased their price objective for the company from $52.00 to $43.00 in a research note on Thursday, January 2nd. B. Riley reissued a “neutral” rating and set a $43.00 price objective (down previously from $46.50) on shares of NNN REIT in a research note on Tuesday, February 18th. Evercore ISI began coverage on shares of NNN REIT in a research note on Friday, January 31st. They set an “inline” rating and a $42.00 price objective on the stock. Finally, Wells Fargo & Company increased their price target on shares of NNN REIT from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.54.

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.