NNN REIT (NYSE:NNN) Releases FY 2025 Earnings Guidance

Key Points

• NNN REIT has issued its FY 2025 earnings guidance, projecting earnings per share between $3.340 to $3.390, slightly below the consensus estimate of $3.380.
• The company has recently increased its quarterly dividend to $0.60 per share, up from $0.58, representing a 5.7% yield.
• Analysts have mixed opinions on the stock, with the consensus rating being a "Hold" and a price target of $44.38, reflecting a decrease in ratings from UBS and Barclays and an increase from Evercore ISI.

NNN REIT (NYSE:NNN - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.340-3.390 for the period, compared to the consensus earnings per share estimate of 3.380. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group decreased their price objective on NNN REIT from $43.00 to $42.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Barclays downgraded NNN REIT from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, July 22nd. Finally, Evercore ISI boosted their price target on NNN REIT from $43.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, July 2nd. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $44.38.

NNN REIT Stock Down 1.8%

Shares of NNN stock traded down $0.80 during trading hours on Tuesday, reaching $42.26. The company had a trading volume of 705,833 shares, compared to its average volume of 1,274,440. The business has a fifty day simple moving average of $42.61 and a 200-day simple moving average of $41.58. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.94 and a beta of 0.92. NNN REIT has a 12 month low of $35.80 and a 12 month high of $49.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.58 and a quick ratio of 0.58.

NNN REIT (NYSE:NNN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting analysts' consensus estimates of $0.85. NNN REIT had a return on equity of 9.23% and a net margin of 45.09%. During the same quarter in the prior year, the business posted $0.84 EPS. NNN REIT's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, research analysts expect that NNN REIT will post 3.33 earnings per share for the current fiscal year.

NNN REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.60 dividend. This is a boost from NNN REIT's previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 5.7%. The ex-dividend date is Thursday, July 31st. NNN REIT's payout ratio is currently 112.15%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.