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Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
Obama’s 2024 Confession (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
Obama’s 2024 Confession (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
Obama’s 2024 Confession (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Stock market today: World shares mostly higher after S&P 500 tops 5,000
NYSE:NNN

NNN REIT (NNN) Stock Price, News & Analysis

$39.70
-0.17 (-0.43%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$39.40
$40.13
50-Day Range
$39.63
$43.59
52-Week Range
$34.38
$47.37
Volume
1.32 million shs
Average Volume
1.41 million shs
Market Capitalization
$7.24 billion
P/E Ratio
18.38
Dividend Yield
5.69%
Price Target
$45.25

NNN REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
14.0% Upside
$45.25 Price Target
Short Interest
Healthy
1.76% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.55
Upright™ Environmental Score
News Sentiment
0.69mentions of NNN REIT in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$1.75 M Sold Last Quarter
Proj. Earnings Growth
3.04%
From $3.29 to $3.39 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.73 out of 5 stars

Finance Sector

87th out of 844 stocks

Real Estate Investment Trusts Industry

14th out of 176 stocks


NNN stock logo

About NNN REIT Stock (NYSE:NNN)

National Retail Properties is a REIT focused on retail-oriented properties across the United States. The company invests in high-quality retail properties subject to long-term leases that generate stable, consistent, predictable income. The company laid claim to 3,305 properties enclosing 33.8 million square feet of space in 48 states leased to 380 tenants engaged in 37 trades as of October 2022.

National Retail Properties was formed in 1984 as Golden Corral Realty Corporation. The company was intended as a means for employees to invest in Golden Corral but it soon took on a life of its own. The company split from its parent in 1993 and then became a REIT in 1998. Since then a number of mergers and acquisitions resulted in the company that is traded today.

National Retail Properties seeks to generate returns for shareholders through capital appreciation and dividends and is one of the most stable dividend payers in the REIT universe. The company made its 33rd consecutive distribution increase in 2022 ranking it 3rd on the list of REITs with sustained annual dividend increases. In regard to all publicly listed companies, there are less than 90 which have increased their payout for as many years or more as National Retail Properties. The compound annual growth rate runs in the range of 4% to 5%.

National Retail Properties is not limited in scope to the type of business it will lease to. The top four sectors occupying its space, however, are convenience stores, automotive-related, full-service, and limited-service restaurants which command a lion’s share of retail dollars. These segments made up nearly 49% of the portfolio in 2022 with no tenant making up more than 5% of the total income.

The top three tenants at the time are 7-11, Mister Car Wash, and Camping World followed by L.A. Fitness, GPM Investments (convenience), and Dave & Buster’s. The firm's average lease runs in the range of 10.6 years and occupancy runs high and above 99%. Properties are all single-occupier and leased on a net basis. Most properties are leased on a triple-net basis which means National Retail Properties is insulated from taxes, maintenance, and insurance costs. Other notable tenants include Yum! Brands and Wendy’s.

National Retail Properties uses leverage to enhance its returns. The company’s debt ratio is low however and its debt carries an investment-grade rating from Standard & Poors and Moody’s.

NNN Stock Price History

NNN Stock News Headlines

Sell Now! 20 Dicey Dividends for 2024
Biden Out, _______ In?
A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you. 
NNN REIT: Q4 Earnings Snapshot
Biden Out, _______ In?
A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you. 
NNN REIT Q4 2023 Earnings Preview
NNN REIT Inc's Dividend Analysis
NNN REIT: A Rare Dividend/Value Pick
NNN REIT, Inc. Announces 2023 Dividend Tax Status
NNN REIT: A Dividend Aristocrat Worth Buying
NNN REIT EVP sells stock worth $1.59M
1 REIT To Sell And 1 Strong Buy
See More Headlines
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Company Calendar

Last Earnings
5/02/2023
Ex-Dividend for 11/15 Dividend
10/30/2023
Dividend Payable
11/15/2023
Ex-Dividend for 2/15 Dividend
1/30/2024
Today
2/12/2024
Dividend Payable
2/15/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
63741710
Employees
77
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$45.25
High Stock Price Target
$49.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+14.0%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$334.63 million
Pretax Margin
47.38%

Debt

Sales & Book Value

Annual Sales
$828.11 million
Cash Flow
$3.46 per share
Book Value
$22.79 per share

Miscellaneous

Free Float
180,944,000
Market Cap
$7.24 billion
Optionable
Optionable
Beta
1.00

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NNN Stock Analysis - Frequently Asked Questions

Should I buy or sell NNN REIT stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NNN REIT in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NNN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NNN, but not buy additional shares or sell existing shares.
View NNN analyst ratings
or view top-rated stocks.

What is NNN REIT's stock price target for 2024?

8 brokers have issued 1-year price objectives for NNN REIT's stock. Their NNN share price targets range from $40.00 to $49.00. On average, they anticipate the company's stock price to reach $45.25 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price.
View analysts price targets for NNN
or view top-rated stocks among Wall Street analysts.

How have NNN shares performed in 2024?

NNN REIT's stock was trading at $43.10 at the beginning of the year. Since then, NNN stock has decreased by 7.9% and is now trading at $39.70.
View the best growth stocks for 2024 here
.

Are investors shorting NNN REIT?

NNN REIT saw a decline in short interest in January. As of January 15th, there was short interest totaling 3,220,000 shares, a decline of 27.1% from the December 31st total of 4,420,000 shares. Based on an average daily trading volume, of 1,600,000 shares, the days-to-cover ratio is presently 2.0 days.
View NNN REIT's Short Interest
.

When is NNN REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our NNN earnings forecast
.

How were NNN REIT's earnings last quarter?

NNN REIT, Inc. (NYSE:NNN) released its quarterly earnings data on Tuesday, May, 2nd. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The real estate investment trust had revenue of $204.11 million for the quarter, compared to analyst estimates of $200.10 million. NNN REIT had a net margin of 47.38% and a trailing twelve-month return on equity of 9.45%. NNN REIT's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS.

How often does NNN REIT pay dividends? What is the dividend yield for NNN REIT?

NNN REIT announced a quarterly dividend on Tuesday, January 16th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.565 per share on Thursday, February 15th. This represents a $2.26 annualized dividend and a yield of 5.69%. The ex-dividend date is Tuesday, January 30th.
Read our dividend analysis for NNN
.

Is NNN REIT a good dividend stock?

NNN REIT (NYSE:NNN) pays an annual dividend of $2.26 per share and currently has a dividend yield of 5.69%. NNN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 104.63%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NNN will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NNN.

What guidance has NNN REIT issued on next quarter's earnings?

NNN REIT issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 3.290-3.350 for the period, compared to the consensus estimate of 3.310. The company issued revenue guidance of -.

What is Craig Macnab's approval rating as NNN REIT's CEO?

2 employees have rated NNN REIT Chief Executive Officer Craig Macnab on Glassdoor.com. Craig Macnab has an approval rating of 100% among the company's employees. This puts Craig Macnab in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of NNN REIT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NNN REIT investors own include AT&T (T), Verizon Communications (VZ), Realty Income (O), Cisco Systems (CSCO), AbbVie (ABBV), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Exxon Mobil (XOM) and Coca-Cola (KO).

Who are NNN REIT's major shareholders?

NNN REIT's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Goodman Financial Corp (0.14%), Amalgamated Bank (0.06%), Harbour Trust & Investment Management Co (0.02%), Capital Square LLC (0.02%), SG Americas Securities LLC (0.02%) and Cornercap Investment Counsel Inc. (0.02%). Insiders that own company stock include Christopher Paul Tessitore, Jonathan Adamo, Julian E Whitehurst, Kevin B Habicht and Michelle Lynn Miller.
View institutional ownership trends
.

How do I buy shares of NNN REIT?

Shares of NNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NNN) was last updated on 2/12/2024 by MarketBeat.com Staff

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