B. Riley Issues Pessimistic Forecast for NNN REIT Earnings

Key Points

• B. Riley has lowered its Q3 2025 EPS estimate for NNN REIT from $0.85 to $0.84, maintaining a "Neutral" rating and a target price of $44.00 for the stock.
• NNN REIT recently declared an increased quarterly dividend of $0.60 per share, up from $0.58, representing an annualized yield of 5.6%.
• As of now, one analyst rates NNN REIT as a Buy, while ten have assigned a Hold rating and two a Sell rating, indicating mixed sentiments on the stock's future performance.

NNN REIT, Inc. (NYSE:NNN - Free Report) - Investment analysts at B. Riley reduced their Q3 2025 EPS estimates for shares of NNN REIT in a research report issued to clients and investors on Monday, September 29th. B. Riley analyst J. Massocca now forecasts that the real estate investment trust will earn $0.84 per share for the quarter, down from their prior forecast of $0.85. B. Riley currently has a "Neutral" rating and a $44.00 target price on the stock. The consensus estimate for NNN REIT's current full-year earnings is $3.33 per share. B. Riley also issued estimates for NNN REIT's Q4 2025 earnings at $0.85 EPS, FY2025 earnings at $3.37 EPS, Q1 2026 earnings at $0.87 EPS, Q2 2026 earnings at $0.87 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.88 EPS and FY2026 earnings at $3.49 EPS.

NNN REIT (NYSE:NNN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The business had revenue of $226.80 million for the quarter, compared to analysts' expectations of $224.26 million. NNN REIT had a net margin of 43.90% and a return on equity of 9.00%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS. NNN REIT has set its FY 2025 guidance at 3.340-3.390 EPS.

Other equities research analysts have also recently issued reports about the stock. UBS Group increased their price objective on shares of NNN REIT from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Barclays lowered shares of NNN REIT from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, July 22nd. Evercore ISI increased their target price on shares of NNN REIT from $44.00 to $46.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company dropped their target price on shares of NNN REIT from $44.00 to $43.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $44.42.

NNN REIT Price Performance

Shares of NYSE NNN opened at $42.57 on Wednesday. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 3.82 and a beta of 0.95. NNN REIT has a 52 week low of $35.80 and a 52 week high of $49.57. The company's 50-day moving average price is $42.25 and its 200 day moving average price is $41.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Chung Wu Investment Group LLC purchased a new position in NNN REIT during the 2nd quarter valued at about $30,000. Brooklyn Investment Group boosted its position in shares of NNN REIT by 140.8% in the 1st quarter. Brooklyn Investment Group now owns 802 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 469 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of NNN REIT in the 1st quarter worth approximately $57,000. NBC Securities Inc. lifted its position in NNN REIT by 104,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,082 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 2,080 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its position in NNN REIT by 19.5% in the 1st quarter. Strengthening Families & Communities LLC now owns 2,283 shares of the real estate investment trust's stock valued at $97,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

NNN REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.60 per share. The ex-dividend date was Thursday, July 31st. This is a positive change from NNN REIT's previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 5.6%. NNN REIT's dividend payout ratio (DPR) is 114.29%.

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.

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