S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NYSE:NNN

NNN REIT (NNN) Stock Price, News & Analysis

$40.01
-0.80 (-1.96%)
(As of 04/15/2024 ET)
Today's Range
$39.86
$40.99
50-Day Range
$39.69
$42.76
52-Week Range
$34.38
$44.96
Volume
808,066 shs
Average Volume
984,452 shs
Market Capitalization
$7.32 billion
P/E Ratio
18.52
Dividend Yield
5.65%
Price Target
$44.50

NNN REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
11.2% Upside
$44.50 Price Target
Short Interest
Healthy
1.94% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.55
Upright™ Environmental Score
News Sentiment
0.79mentions of NNN REIT in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.66%
From $3.28 to $3.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.50 out of 5 stars

Finance Sector

346th out of 873 stocks

Real Estate Investment Trusts Industry

59th out of 183 stocks

NNN stock logo

About NNN REIT Stock (NYSE:NNN)

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.

NNN Stock Price History

NNN Stock News Headlines

Common Dividend Declared by NNN REIT, Inc.
Orlando REIT sells LA Fitness building in Broward
A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
NYSE:NNN (Nnn REIT)
Peering Into NNN REIT's Recent Short Interest
3 REITs to Buy Hand Over Fist in April
What Makes NNN REIT (NNN) an Attractive Investment?
A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
3 Top REITs to Buy Now for High Dividend Yields
NNN REIT: A Core REIT Holdings With A 5.4% Yield
NNN REIT: Buy While The Market Is Asleep
March's 5 Dividend Growth Stocks With 5.48%+ Yields
May 17th Options Now Available For NNN REIT
NNN Apr 2024 40.000 call
7 Dividend Stocks to Buy to Secure Steady Income
NNN REIT: 5.5% Yield And Up To 35% Undervalued
Reasons to Invest in NNN REIT (NNN)
NNN REIT Q4: A Wonderful REIT At A Great Price
NNN REIT: Q4 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
5/02/2023
Ex-Dividend for 2/15 Dividend
1/30/2024
Dividend Payable
2/15/2024
Today
4/15/2024
Next Earnings (Estimated)
5/07/2024
Dividend Payable
5/15/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 5/15 Dividend
1/01/2100

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
63741710
Employees
82
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$44.50
High Stock Price Target
$49.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+11.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$392.34 million
Pretax Margin
47.38%

Debt

Sales & Book Value

Annual Sales
$828.11 million
Cash Flow
$3.44 per share
Book Value
$22.78 per share

Miscellaneous

Free Float
181,387,000
Market Cap
$7.32 billion
Optionable
Optionable
Beta
1.00

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NNN Stock Analysis - Frequently Asked Questions

Should I buy or sell NNN REIT stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NNN REIT in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NNN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NNN, but not buy additional shares or sell existing shares.
View NNN analyst ratings
or view top-rated stocks.

What is NNN REIT's stock price target for 2024?

5 brokerages have issued 1-year price objectives for NNN REIT's shares. Their NNN share price targets range from $40.00 to $49.00. On average, they expect the company's stock price to reach $44.50 in the next twelve months. This suggests a possible upside of 11.2% 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 2024?

NNN REIT's stock was trading at $43.10 at the start of the year. Since then, NNN stock has decreased by 7.2% and is now trading at $40.01.
View the best growth stocks for 2024 here
.

When is NNN REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our NNN earnings forecast
.

How were NNN REIT's earnings last quarter?

NNN REIT, Inc. (NYSE:NNN) issued its quarterly earnings results on Tuesday, May, 2nd. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The real estate investment trust had revenue of $204.11 million for the quarter, compared to the consensus estimate of $200.10 million. NNN REIT had a net margin of 47.38% and a trailing twelve-month return on equity of 9.45%. NNN REIT's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS.

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

NNN REIT announced a quarterly dividend on Monday, April 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.565 per share on Wednesday, May 15th. This represents a $2.26 annualized dividend and a dividend yield of 5.65%.
Read our dividend analysis for NNN
.

Is NNN REIT a good dividend stock?

NNN REIT (NYSE:NNN) pays an annual dividend of $2.26 per share and currently has a dividend yield of 5.54%. 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 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 104.63%. 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 66.47% 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 updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 3.290-3.350 for the period, compared to the consensus earnings per share estimate of 3.310. 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).

Who are NNN REIT's major shareholders?

NNN REIT's stock is owned by many different institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (0.03%), Red Spruce Capital LLC (0.02%), Strategic Advocates LLC (0.00%), DGS Capital Management LLC (0.00%), Steph & Co. (0.00%) and Riverview Trust Co (0.00%). Insiders that own company stock include Christopher Paul Tessitore, Jonathan Adamo, Kevin B Habicht and Michelle Lynn Miller.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NNN) was last updated on 4/16/2024 by MarketBeat.com Staff

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