NNN REIT (NNN) Set to Announce Quarterly Earnings on Wednesday

NNN REIT (NYSE:NNN) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

NNN REIT Stock Performance

Shares of NYSE:NNN traded up $0.21 during trading on Tuesday, reaching $40.85. 400,844 shares of the stock were exchanged, compared to its average volume of 1,389,680. NNN REIT has a 12 month low of $34.38 and a 12 month high of $44.96. The firm has a market cap of $7.47 billion, a PE ratio of 18.81, a PEG ratio of 4.74 and a beta of 1.00. The stock has a 50-day moving average price of $41.41 and a 200-day moving average price of $40.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.05.

NNN REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date is Monday, April 29th. 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.