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

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group downgraded NNN REIT from a “buy” rating to a “hold” rating and cut their target price for the company from $52.00 to $43.00 in a research note on Thursday, January 2nd. Royal Bank of Canada decreased their target price on shares of NNN REIT from $48.00 to $45.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. StockNews.com cut NNN REIT from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. UBS Group dropped their price target on NNN REIT from $49.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, Robert W. Baird boosted their price target on shares of NNN REIT from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.35.

NNN REIT Price Performance

Shares of NNN stock opened at $38.04 on Tuesday. The stock’s fifty day moving average is $40.36 and its 200-day moving average is $44.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85. NNN REIT has a 52 week low of $37.55 and a 52 week high of $49.57. The stock has a market capitalization of $7.13 billion, a PE ratio of 17.61, a PEG ratio of 1.94 and a beta of 1.11.

NNN REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Friday, January 31st. NNN REIT’s dividend payout ratio is 107.41%.

Insider Activity at NNN REIT

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 68,756 shares in the company, valued at approximately $2,922,817.56. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.82% of the company’s stock.

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.