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

NNN REIT (NYSE:NNN) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.360-3.400 for the period, compared to the consensus EPS estimate of 2.520. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

NNN has been the subject of several research reports. Wells Fargo & Company reduced their target price on NNN REIT from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Evercore ISI lowered their price target on shares of NNN REIT from $46.00 to $44.00 and set an “in-line” rating on the stock in a report on Wednesday. Barclays lowered their price target on shares of NNN REIT from $44.00 to $43.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NNN REIT in a report on Wednesday, October 8th. Finally, B. Riley upped their target price on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.10.

NNN REIT Price Performance

Shares of NNN traded up $0.11 during trading hours on Thursday, reaching $39.94. 235,550 shares of the stock traded hands, compared to its average volume of 1,278,436. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The company has a market cap of $7.54 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The company’s 50-day moving average price is $42.20 and its two-hundred day moving average price is $42.14. NNN REIT has a 52-week low of $35.80 and a 52-week high of $44.81.

NNN REIT (NYSE:NNN) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The firm had revenue of $230.16 million for the quarter, compared to the consensus estimate of $228.45 million. NNN REIT had a net margin of 43.90% and a return on equity of 9.00%. NNN REIT has set its FY 2025 guidance at 3.360-3.400 EPS. On average, analysts anticipate that NNN REIT will post 3.33 earnings per share for the current year.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.40 dividend on an annualized basis and a yield of 6.0%. NNN REIT’s dividend payout ratio is presently 114.29%.

Institutional Trading of NNN REIT

A hedge fund recently raised its stake in NNN REIT stock. Captrust Financial Advisors increased its holdings in shares of NNN REIT, Inc. (NYSE:NNN) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,265 shares of the real estate investment trust’s stock after purchasing an additional 3,897 shares during the period. Captrust Financial Advisors owned approximately 0.06% of NNN REIT worth $4,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 89.96% of the company’s stock.

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.