NNN REIT, Inc. (NYSE:NNN – Free Report) – Analysts at B. Riley reduced their Q2 2024 earnings per share estimates for shares of NNN REIT in a report released on Thursday, April 18th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will earn $0.81 per share for the quarter, down from their previous estimate of $0.82. The consensus estimate for NNN REIT’s current full-year earnings is $3.27 per share. B. Riley also issued estimates for NNN REIT’s Q3 2024 earnings at $0.80 EPS, Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.83 EPS and Q4 2025 earnings at $0.83 EPS.
NNN REIT Price Performance
Shares of NNN opened at $39.78 on Friday. The company has a market cap of $7.27 billion, a P/E ratio of 18.42, a PEG ratio of 4.62 and a beta of 1.00. The stock has a fifty day moving average price of $41.34 and a 200 day moving average price of $40.31. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.26 and a quick ratio of 1.26. NNN REIT has a 12 month low of $34.38 and a 12 month high of $44.96.
Institutional Inflows and Outflows
NNN REIT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.565 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.26 dividend on an annualized basis and a yield of 5.68%. NNN REIT’s payout ratio is currently 104.63%.
About NNN REIT
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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