NNN REIT (NYSE:NNN) Issues 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 3.330-3.380 for the period, compared to the consensus EPS estimate of 3.370. The company issued revenue guidance of -.

NNN REIT Price Performance

Shares of NNN REIT stock opened at $39.41 on Wednesday. NNN REIT has a twelve month low of $37.55 and a twelve month high of $49.57. The business has a 50-day moving average price of $40.30 and a 200 day moving average price of $44.14. 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 firm has a market cap of $7.39 billion, a PE ratio of 18.24, a P/E/G ratio of 1.94 and a beta of 1.11.

NNN REIT Announces Dividend

The business 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 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Friday, January 31st. NNN REIT’s dividend payout ratio is currently 107.91%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NNN. Janney Montgomery Scott cut NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Wednesday, January 15th. Barclays decreased their price target on NNN REIT from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada decreased their price target on NNN REIT from $48.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Colliers Securities lowered NNN REIT from a “buy” rating to a “neutral” rating in a research report on Friday, November 1st. Finally, BNP Paribas lowered NNN REIT from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a research 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.35.

Insider Buying and Selling at NNN REIT

In other NNN REIT news, EVP Michelle Lynn Miller sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were 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 $2,922,817.56. The trade was a 1.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

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.