NNN REIT (NYSE:NNN – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect NNN REIT to post earnings of $0.81 per share for the quarter.
NNN REIT Trading Up 1.4 %
NNN stock traded up $0.57 during midday trading on Monday, reaching $40.77. 36,321 shares of the company traded hands, compared to its average volume of 1,382,141. NNN REIT has a 52-week low of $34.38 and a 52-week high of $44.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.26 and a current ratio of 1.26. The business has a 50 day moving average of $41.41 and a 200-day moving average of $40.63. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 4.74 and a beta of 1.00.
NNN REIT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Monday, April 29th. NNN REIT’s dividend payout ratio (DPR) 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.
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