FY2024 EPS Estimates for NNN REIT, Inc. Lifted by B. Riley (NYSE:NNN)

NNN REIT, Inc. (NYSE:NNN) – B. Riley increased their FY2024 earnings per share estimates for shares of NNN REIT in a research report issued on Thursday, April 18th. B. Riley analyst J. Massocca now forecasts 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 Performance

NNN stock opened at $40.62 on Monday. 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 50-day moving average price of $41.36 and a 200-day moving average price of $40.46. The firm has a market cap of $7.43 billion, a PE ratio of 18.80, a price-to-earnings-growth 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.

Institutional Trading of NNN REIT

Large investors have recently made changes to their positions in the company. Lindbrook Capital LLC grew its stake in shares of NNN REIT by 77.0% in the 4th quarter. Lindbrook Capital LLC now owns 754 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 328 shares during the period. First United Bank & Trust acquired a new stake in shares of NNN REIT in the 4th quarter valued at about $39,000. GAMMA Investing LLC acquired a new stake in shares of NNN REIT in the 4th quarter valued at about $39,000. Riverview Trust Co acquired a new stake in shares of NNN REIT in the 1st quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of NNN REIT by 1,703.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 1,635 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.565 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.26 annualized dividend and a dividend yield of 5.56%. NNN REIT’s dividend payout ratio is presently 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.