NNN REIT (NNN) Expected to Announce Quarterly Earnings on Thursday

NNN REIT (NYSE:NNN - Get Free Report) is anticipated 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 Price Performance

Shares of NNN REIT stock traded down $0.05 during midday trading on Tuesday, hitting $41.07. 105,807 shares of the company were exchanged, compared to its average volume of 1,179,154. The firm has a 50 day simple moving average of $41.43 and a 200-day simple moving average of $41.87. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $7.72 billion, a P/E ratio of 19.16, a PEG ratio of 2.06 and a beta of 0.85. NNN REIT has a 52 week low of $35.80 and a 52 week high of $49.57.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.65%. NNN REIT's payout ratio is presently 107.91%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NNN. Morgan Stanley raised shares of NNN REIT from an "equal weight" rating to an "overweight" rating and set a $48.00 price objective for the company in a report on Wednesday, January 15th. Barclays boosted 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 initiated coverage on NNN REIT in a research note on Friday, January 31st. They issued an "inline" rating and a $42.00 target price for the company. Wells Fargo & Company upped their price target on shares of NNN REIT from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada lowered their price objective on shares of NNN REIT from $45.00 to $43.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.54.

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.