NNN REIT (NNN) to Release Quarterly Earnings on Thursday

NNN REIT (NYSE:NNN) is expected to announce its Q1 2025 earnings results 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 Trading Up 0.5 %

NYSE NNN opened at $41.33 on Wednesday. NNN REIT has a one year low of $35.80 and a one year high of $49.57. The company has a 50-day simple moving average of $41.43 and a 200-day simple moving average of $41.86. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $7.77 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85.

NNN REIT Dividend Announcement

The firm also recently declared 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 of this dividend is Wednesday, April 30th. NNN REIT’s dividend payout ratio (DPR) is presently 107.91%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NNN. Morgan Stanley upgraded NNN REIT from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Wednesday, January 15th. Janney Montgomery Scott lowered NNN REIT from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, January 15th. Barclays raised their price objective on NNN REIT from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Evercore ISI assumed coverage on NNN REIT in a research report on Friday, January 31st. They issued an “inline” rating and a $42.00 target price for the company. Finally, Jefferies Financial Group cut NNN REIT from a “buy” rating to a “hold” rating and decreased their target price for the stock from $52.00 to $43.00 in a research report on Thursday, January 2nd. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.54.

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.