NNN REIT, Inc. (NYSE:NNN) to Post FY2024 Earnings of $3.29 Per Share, B. Riley Forecasts

NNN REIT, Inc. (NYSE:NNN) – Investment analysts at B. Riley increased their FY2024 earnings per share estimates for NNN REIT in a research note issued on Thursday, April 18th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will post earnings per share of $3.29 for the year, up from their previous estimate of $3.27. The consensus estimate for NNN REIT’s current full-year earnings is $3.28 per share. B. Riley also issued estimates for NNN REIT’s Q4 2024 earnings at $0.83 EPS and FY2025 earnings at $3.40 EPS.

NNN REIT Stock Up 0.6 %

Shares of NNN stock opened at $40.00 on Monday. The stock has a 50 day moving average of $41.35 and a 200 day moving average of $40.42. 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 stock has a market cap of $7.31 billion, a P/E ratio of 18.52, a P/E/G ratio of 4.66 and a beta of 1.00. NNN REIT has a twelve month low of $34.38 and a twelve month high of $44.96.

NNN REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 5.65%. The ex-dividend date is Monday, April 29th. NNN REIT’s dividend payout ratio (DPR) is presently 104.63%.

Institutional Trading of NNN REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its stake in shares of NNN REIT by 40.7% in the first quarter. US Bancorp DE now owns 9,510 shares of the real estate investment trust’s stock worth $427,000 after acquiring an additional 2,750 shares during the last quarter. HighTower Advisors LLC boosted its stake in NNN REIT by 12.2% during the first quarter. HighTower Advisors LLC now owns 14,199 shares of the real estate investment trust’s stock worth $639,000 after buying an additional 1,541 shares during the last quarter. Private Advisor Group LLC boosted its stake in NNN REIT by 22.4% during the first quarter. Private Advisor Group LLC now owns 6,748 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 1,235 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in NNN REIT by 5.4% during the first quarter. Great West Life Assurance Co. Can now owns 240,488 shares of the real estate investment trust’s stock worth $11,169,000 after buying an additional 12,236 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in NNN REIT by 38.7% during the first quarter. Raymond James Trust N.A. now owns 10,910 shares of the real estate investment trust’s stock worth $490,000 after buying an additional 3,045 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.