NNN REIT (NNN) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NNN REIT in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NNN shares.
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7 Wall Street analysts have issued 12-month price objectives for NNN REIT's shares. Their NNN share price forecasts range from $46.00 to $54.00. On average, they predict the company's stock price to reach $49.00 in the next year. This suggests a possible upside of 13.6% from the stock's current price.
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NNN REIT's stock was trading at $45.76 on January 1st, 2023. Since then, NNN shares have decreased by 5.8% and is now trading at $43.12.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NNN earnings forecast.

NNN REIT, Inc (NYSE:NNN) released its quarterly earnings data on Tuesday, May, 2nd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The real estate investment trust earned $204.11 million during the quarter, compared to the consensus estimate of $200.10 million. NNN REIT had a net margin of 43.64% and a trailing twelve-month return on equity of 8.49%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share.

NNN REIT announced a quarterly dividend on Friday, April 14th. Investors of record on Friday, April 28th will be given a dividend of $0.55 per share on Monday, May 15th. This represents a $2.20 annualized dividend and a yield of 5.10%. The ex-dividend date is Thursday, April 27th.
Read our dividend analysis for NNN.

ETFs with the largest weight of NNN REIT (NYSE:NNN) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Janus Henderson U.S. Real Estate ETF (JRE), Fidelity Real Estate Investment ETF (FPRO), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), InfraCap Equity Income Fund ETF (ICAP), Freedom Day Dividend ETF (MBOX) and Federated Hermes U.S. Strategic Dividend ETF (FDV).

NNN REIT (NYSE:NNN) pays an annual dividend of $2.20 per share and currently has a dividend yield of 5.17%. NNN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 33 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 114.58%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NNN will have a dividend payout ratio of 66.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NNN.

NNN REIT issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $3.19-$3.25 for the period, compared to the consensus estimate of $3.19. The company issued revenue guidance of -.

2 employees have rated NNN REIT Chief Executive Officer Craig Macnab on Glassdoor.com. Craig Macnab has an approval rating of 100% among the company's employees. This puts Craig Macnab in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other NNN REIT investors own include AT&T (T), Verizon Communications (VZ), Realty Income (O), Cisco Systems (CSCO), AbbVie (ABBV), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Exxon Mobil (XOM) and Coca-Cola (KO).

NNN REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNN."

NNN REIT's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.32%), State Street Corp (11.10%), FMR LLC (5.47%), Victory Capital Management Inc. (4.69%), JPMorgan Chase & Co. (1.83%) and Geode Capital Management LLC (1.62%). Insiders that own company stock include Christopher Paul Tessitore, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller and Stephen A Horn Jr.
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Shares of NNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NNN stock can currently be purchased for approximately $43.12.

NNN REIT (NYSE:NNN) has a market capitalization of $7.85 billion and generates $773.05 million in revenue each year. The real estate investment trust earns $334.63 million in net income (profit) each year or $1.92 on an earnings per share basis.

NNN REIT's mailing address is 450 S ORANGE AVE SUITE 900, ORLANDO FL, 32801. The official website for the company is www.nnnreit.com. The real estate investment trust can be reached via phone at (407) 265-7348, via email at investorrelations@nnnreit.com, or via fax at 407-650-3650.