NNN REIT (NYSE:NNN - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.250-3.310 for the period, compared to the consensus EPS estimate of 3.310. The company issued revenue guidance of -.
NNN REIT Stock Up 0.4 %
Shares of NYSE NNN traded up $0.15 during mid-day trading on Wednesday, reaching $40.68. The company had a trading volume of 2,326,463 shares, compared to its average volume of 1,422,116. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.05. The firm has a 50 day simple moving average of $41.40 and a two-hundred day simple moving average of $40.70. The stock has a market cap of $7.44 billion, a P/E ratio of 18.83, a PEG ratio of 4.73 and a beta of 1.00. NNN REIT has a 52-week low of $34.38 and a 52-week high of $44.96.
NNN REIT Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Monday, April 29th. NNN REIT's dividend payout ratio (DPR) is 104.63%.
About NNN REIT
(
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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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