Equities Analysts Set Expectations for NNN REIT, Inc.’s FY2024 Earnings (NYSE:NNN)

NNN REIT, Inc. (NYSE:NNN) – Investment analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for shares of NNN REIT in a research report issued on Thursday, April 18th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will earn $3.29 per share for the year, up from their previous forecast 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 Trading Up 0.9 %

Shares of NYSE:NNN opened at $40.96 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day moving average is $41.38 and its 200 day moving average is $40.51. The firm has a market capitalization of $7.49 billion, a P/E ratio of 18.96, a P/E/G ratio of 4.65 and a beta of 1.00. NNN REIT has a 1 year low of $34.38 and a 1 year high of $44.96.

NNN REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 annualized dividend and a yield of 5.52%. NNN REIT’s payout ratio is presently 104.63%.

Institutional Trading of NNN REIT

Several large investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC purchased a new stake in NNN REIT during the 1st quarter valued at about $212,000. Sound Income Strategies LLC boosted its stake in shares of NNN REIT by 96,000.0% in the first quarter. Sound Income Strategies LLC now owns 48,050 shares of the real estate investment trust’s stock worth $2,054,000 after buying an additional 48,000 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of NNN REIT in the first quarter worth about $43,000. Steph & Co. purchased a new stake in shares of NNN REIT in the first quarter worth about $170,000. Finally, Strategic Advocates LLC purchased a new stake in shares of NNN REIT in the first quarter worth about $329,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.