NNN REIT (NYSE:NNN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• NNN REIT reported earnings of $0.85 per share, matching analyst expectations, and experienced a 4.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.60, up from the previous $0.58, representing a 5.7% dividend yield.
• Stock analysts have mixed views on NNN REIT, with ratings ranging from sell to buy, and an average price target of $44.38.

NNN REIT (NYSE:NNN - Get Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.01, Briefing.com reports. NNN REIT had a net margin of 43.90% and a return on equity of 9.00%. The company had revenue of $226.80 million for the quarter, compared to the consensus estimate of $224.26 million. During the same period in the previous year, the firm earned $0.84 EPS. NNN REIT's revenue was up 4.6% on a year-over-year basis. NNN REIT updated its FY 2025 guidance to 3.340-3.390 EPS.

NNN REIT Stock Down 0.2%

NNN traded down $0.08 on Friday, reaching $41.85. 691,068 shares of the company traded hands, compared to its average volume of 1,407,883. The stock's 50 day moving average price is $42.63 and its 200-day moving average price is $41.62. NNN REIT has a 52-week low of $35.80 and a 52-week high of $49.57. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 3.92 and a beta of 0.92. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 0.58.

NNN REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from NNN REIT's previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 5.7%. NNN REIT's payout ratio is presently 114.29%.

Wall Street Analyst Weigh In

A number of research firms have commented on NNN. Evercore ISI boosted their price target on shares of NNN REIT from $43.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 2nd. UBS Group dropped their target price on shares of NNN REIT from $43.00 to $42.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Finally, Barclays downgraded shares of NNN REIT from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $44.38.

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.