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MarketBeat Week in Review – 5/29 - 6/2
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
MarketBeat Week in Review – 5/29 - 6/2
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
MarketBeat Week in Review – 5/29 - 6/2
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
MarketBeat Week in Review – 5/29 - 6/2
How major US stock indexes fared Friday 6/2/2023
NYSE:NNN

NNN REIT (NNN) Stock Forecast, Price & News

$43.13
+0.62 (+1.46%)
(As of 06/2/2023 ET)
Compare
Today's Range
$42.68
$43.22
50-Day Range
$41.71
$44.73
52-Week Range
$38.05
$48.42
Volume
775,465 shs
Average Volume
841,420 shs
Market Capitalization
$7.85 billion
P/E Ratio
22.46
Dividend Yield
5.10%
Price Target
$49.00

NNN REIT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
13.6% Upside
$49.00 Price Target
Short Interest
Healthy
1.93% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.55
Upright™ Environmental Score
News Sentiment
1.04mentions of NNN REIT in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.13%
From $3.19 to $3.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Finance Sector

392nd out of 874 stocks

Real Estate Investment Trusts Industry

65th out of 191 stocks


NNN stock logo

About NNN REIT (NYSE:NNN) Stock

National Retail Properties is a REIT focused on retail-oriented properties across the United States. The company invests in high-quality retail properties subject to long-term leases that generate stable, consistent, predictable income. The company laid claim to 3,305 properties enclosing 33.8 million square feet of space in 48 states leased to 380 tenants engaged in 37 trades as of October 2022.

National Retail Properties was formed in 1984 as Golden Corral Realty Corporation. The company was intended as a means for employees to invest in Golden Corral but it soon took on a life of its own. The company split from its parent in 1993 and then became a REIT in 1998. Since then a number of mergers and acquisitions resulted in the company that is traded today.

National Retail Properties seeks to generate returns for shareholders through capital appreciation and dividends and is one of the most stable dividend payers in the REIT universe. The company made its 33rd consecutive distribution increase in 2022 ranking it 3rd on the list of REITs with sustained annual dividend increases. In regard to all publicly listed companies, there are less than 90 which have increased their payout for as many years or more as National Retail Properties. The compound annual growth rate runs in the range of 4% to 5%.

National Retail Properties is not limited in scope to the type of business it will lease to. The top four sectors occupying its space, however, are convenience stores, automotive-related, full-service, and limited-service restaurants which command a lion’s share of retail dollars. These segments made up nearly 49% of the portfolio in 2022 with no tenant making up more than 5% of the total income.

The top three tenants at the time are 7-11, Mister Car Wash, and Camping World followed by L.A. Fitness, GPM Investments (convenience), and Dave & Buster’s. The firm's average lease runs in the range of 10.6 years and occupancy runs high and above 99%. Properties are all single-occupier and leased on a net basis. Most properties are leased on a triple-net basis which means National Retail Properties is insulated from taxes, maintenance, and insurance costs. Other notable tenants include Yum! Brands and Wendy’s.

National Retail Properties uses leverage to enhance its returns. The company’s debt ratio is low however and its debt carries an investment-grade rating from Standard & Poors and Moody’s.

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NNN Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
NNN REIT: Stable Dividend But No Alpha
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
National Retail Properties (NNN) to Release Earnings on Tuesday
National Retail Properties: Almost Perfect
See More Headlines

NNN Price History

NNN Company Calendar

Ex-Dividend for 5/15 Dividend
4/27/2023
Last Earnings
5/02/2023
Dividend Payable
5/15/2023
Today
6/03/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
63741710
Employees
72
Year Founded
1984

Price Target and Rating

Average Stock Price Forecast
$49.00
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+13.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$334.63 million
Pretax Margin
43.64%

Debt

Sales & Book Value

Annual Sales
$773.05 million
Cash Flow
$3.17 per share
Book Value
$22.71 per share

Miscellaneous

Free Float
180,594,000
Market Cap
$7.85 billion
Optionable
Optionable
Beta
0.90

Social Links


Key Executives

  • Stephen A. HornStephen A. Horn
    President, Chief Executive Officer & Director
  • Kevin B. HabichtKevin B. Habicht
    Chief Financial Officer, Treasurer, Director & EVP
  • Michelle L. MillerMichelle L. Miller
    Chief Accounting Officer & Executive VP
  • Christopher Paul Tessitore
    Secretary, Executive VP & General Counsel
  • Russell B. Shelton
    Vice President & Real Estate Council













NNN Stock - Frequently Asked Questions

Should I buy or sell NNN REIT stock right now?

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.
View NNN analyst ratings
or view top-rated stocks.

What is NNN REIT's stock price forecast for 2023?

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.
View analysts price targets for NNN
or view top-rated stocks among Wall Street analysts.

How have NNN shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is NNN REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NNN earnings forecast
.

How were NNN REIT's earnings last quarter?

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.

How often does NNN REIT pay dividends? What is the dividend yield for NNN REIT?

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
.

Is NNN REIT a good dividend stock?

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.

What guidance has NNN REIT issued on next quarter's earnings?

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 -.

What is Craig Macnab's approval rating as NNN REIT's CEO?

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.

What other stocks do shareholders of NNN REIT own?

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).

What is NNN REIT's stock symbol?

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

Who are NNN REIT's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of NNN REIT?

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.
Compare Top Brokerages Here.

What is NNN REIT's stock price today?

One share of NNN stock can currently be purchased for approximately $43.12.

How much money does NNN REIT make?

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.

How can I contact NNN REIT?

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.

This page (NYSE:NNN) was last updated on 6/3/2023 by MarketBeat.com Staff

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