NNN REIT (NYSE:NNN) Updates 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 -.

NNN REIT Stock Down 0.2%

Shares of NNN stock traded down $0.08 on Friday, hitting $41.85. The stock had a trading volume of 691,068 shares, compared to its average volume of 1,407,883. The company has a quick ratio of 0.58, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $42.63 and a 200 day moving average price of $41.62. The company has a market cap of $7.90 billion, a PE ratio of 19.93, a P/E/G ratio of 3.92 and a beta of 0.92. NNN REIT has a one year low of $35.80 and a one year high of $49.57.

NNN REIT (NYSE:NNN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. NNN REIT had a net margin of 43.90% and a return on equity of 9.00%. The business had revenue of $226.80 million during the quarter, compared to the consensus estimate of $224.26 million. During the same period in the previous year, the company posted $0.84 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. Research analysts anticipate 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. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.7%. This is an increase from NNN REIT's previous quarterly dividend of $0.58. The ex-dividend date is Thursday, July 31st. NNN REIT's dividend payout ratio is currently 114.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays downgraded shares of NNN REIT from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, July 22nd. Evercore ISI upped their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. Finally, UBS Group cut their price objective 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.