NNN REIT, Inc. (NYSE:NNN – Free Report) – Analysts at B. Riley increased their FY2024 earnings per share estimates for NNN REIT in a research note issued to investors on Thursday, April 18th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will post earnings of $3.29 per share 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 Price Performance
NNN opened at $40.96 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.26 and a current ratio of 1.26. NNN REIT has a 52-week low of $34.38 and a 52-week high of $44.96. The stock has a market capitalization of $7.49 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 4.65 and a beta of 1.00. The stock’s 50 day moving average price is $41.38 and its 200-day moving average price is $40.51.
NNN REIT Announces Dividend
Institutional Investors Weigh In On NNN REIT
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Cibc World Markets Corp purchased a new stake in NNN REIT in the fourth quarter worth $2,625,000. Sound Income Strategies LLC grew its stake in 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 purchasing an additional 48,000 shares during the period. Harbour Trust & Investment Management Co purchased a new stake in NNN REIT in the fourth quarter worth $1,634,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of NNN REIT by 95.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 61,335 shares of the real estate investment trust’s stock worth $2,167,000 after acquiring an additional 30,011 shares during the last quarter. Finally, Jeppson Wealth Management LLC purchased a new stake in shares of NNN REIT in the fourth quarter worth $993,000. 89.96% of the stock is 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.
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