What is B. Riley’s Forecast for NNN REIT FY2025 Earnings?

NNN REIT, Inc. (NYSE:NNN) – Equities researchers at B. Riley reduced their FY2025 earnings estimates for NNN REIT in a research report issued on Wednesday, December 4th. B. Riley analyst J. Massocca now expects that the real estate investment trust will post earnings per share of $3.36 for the year, down from their prior estimate of $3.40. B. Riley currently has a “Buy” rating and a $46.50 price objective on the stock. 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 2025 earnings at $0.86 EPS and FY2026 earnings at $3.49 EPS.

Several other equities research analysts have also recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of NNN REIT from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $50.00 target price (up from $47.00) on shares of NNN REIT in a research note on Tuesday, October 1st. Colliers Securities downgraded shares of NNN REIT from a “buy” rating to a “neutral” rating in a research note on Friday, November 1st. UBS Group reduced their price target on shares of NNN REIT from $49.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, StockNews.com downgraded shares of NNN REIT from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.93.

NNN REIT Stock Performance

Shares of NYSE NNN opened at $42.40 on Monday. NNN REIT has a 52-week low of $38.88 and a 52-week high of $49.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.85 and a current ratio of 2.85. The firm’s fifty day moving average is $45.07 and its two-hundred day moving average is $45.07. The company has a market cap of $7.95 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.16 and a beta of 1.10.

Institutional Trading of NNN REIT

A number of large investors have recently bought and sold shares of the company. LRI Investments LLC increased its stake in shares of NNN REIT by 100.6% in the 2nd quarter. LRI Investments LLC now owns 1,613 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 809 shares in the last quarter. Raymond James Trust N.A. increased its holdings in NNN REIT by 19.6% during the second quarter. Raymond James Trust N.A. now owns 12,920 shares of the real estate investment trust’s stock valued at $550,000 after buying an additional 2,120 shares during the period. Nicholas Hoffman & Company LLC. increased its holdings in NNN REIT by 1.8% during the second quarter. Nicholas Hoffman & Company LLC. now owns 13,325 shares of the real estate investment trust’s stock valued at $568,000 after buying an additional 240 shares during the period. Amalgamated Bank grew its holdings in NNN REIT by 4.1% in the second quarter. Amalgamated Bank now owns 103,756 shares of the real estate investment trust’s stock worth $4,420,000 after purchasing an additional 4,088 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in NNN REIT by 32.9% in the second quarter. Pathway Financial Advisers LLC now owns 5,709 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 1,414 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michelle Lynn Miller sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total value of $42,510.00. Following the transaction, the executive vice president now owns 68,756 shares in the company, valued at $2,922,817.56. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

NNN REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.47%. NNN REIT’s payout ratio is 107.41%.

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.