B. Riley Equities Analysts Cut Earnings Estimates for NNN REIT, Inc. (NYSE:NNN)

NNN REIT, Inc. (NYSE:NNN) – Equities research analysts at B. Riley decreased their Q2 2024 EPS 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 earn $0.81 per share for the quarter, down from their prior forecast 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 Trading Up 0.3 %

NYSE NNN opened at $39.78 on Friday. The firm’s 50-day moving average is $41.34 and its two-hundred day moving average is $40.31. NNN REIT has a 12 month low of $34.38 and a 12 month high of $44.96. 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 stock has a market capitalization of $7.27 billion, a P/E ratio of 18.42, a PEG ratio of 4.62 and a beta of 1.00.

NNN REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.565 per share. The ex-dividend date is Monday, April 29th. This represents a $2.26 annualized dividend and a dividend yield of 5.68%. NNN REIT’s dividend payout ratio is presently 104.63%.

Institutional Trading of NNN REIT

Hedge funds have recently made changes to their positions in the business. Fortis Capital Advisors LLC acquired a new stake in NNN REIT in the fourth quarter valued at approximately $30,000. Lindbrook Capital LLC raised its holdings in NNN REIT by 77.0% in the fourth quarter. Lindbrook Capital LLC now owns 754 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 328 shares in the last quarter. First United Bank & Trust acquired a new stake in NNN REIT in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC acquired a new stake in NNN REIT in the fourth quarter valued at approximately $39,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in NNN REIT in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds 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.