NNN REIT Inc (NYSE: NNN) is -2.34% lower on its value in year-to-date trading and has touched a low of $34.38 and a high of $44.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NNN stock was last observed hovering at around $41.82 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $42.09, the stock is 1.30% and 1.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.65% at the moment leaves the stock 4.45% off its SMA200. NNN registered -1.34% loss for a year compared to 6-month gain of 10.21%. The firm has a 50-day simple moving average (SMA 50) of $14.54 and a 200-day simple moving average (SMA200) of $15.15.
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The stock witnessed a 2.66% loss in the last 1 month and extending the period to 3 months gives it a -0.50%, and is 0.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.84% over the week and 1.73% over the month.
NNN REIT Inc (NNN) has around 82 employees, a market worth around $7.68B and $828.11M in sales. Current P/E ratio is 19.51 and Fwd P/E is 20.55. Profit margin for the company is 47.30%. Distance from 52-week low is 22.43% and -6.38% from its 52-week high. The company has generated returns on investments over the last 12 months (4.79%).
NNN REIT Inc quarterly earnings per share for the current quarter are estimated at $0.49 with sales reaching $211.3M over the same period.The EPS is expected to shrink by -8.72% this year, but quarterly earnings will post 3.60% year-over-year. Quarterly sales are estimated to grow 6.10% in year-over-year returns.
606 institutions hold shares in NNN REIT Inc (NNN), with institutional investors hold 92.57% of the company’s shares. The shares outstanding are 182.47M, and float is at 181.00M with Short Float at 2.00%. Institutions hold 91.79% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 27.1 million shares valued at $1.16 billion. The investor’s holdings represent 14.86% of the NNN Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 20.51 million shares valued at $877.48 million to account for 11.24% of the shares outstanding. The other top investors are Blackrock Inc. which holds 20.4 million shares representing 11.19% and valued at over $873.06 million, while Victory Capital Management Inc. holds 5.65% of the shares totaling 10.3 million with a market value of $440.68 million.
NNN REIT Inc (NNN) Insider Activity
The most recent transaction is an insider sale by Tessitore Christopher Paul, the company’s EVP. SEC filings show that Tessitore Christopher Paul sold 38,056 shares of the company’s common stock on Dec 13 ’23 at a price of $41.68 per share for a total of $1.59 million. Following the sale, the insider now owns 0.14 million shares.
NNN REIT Inc disclosed in a document filed with the SEC on Nov 27 ’23 that Adamo Jonathan (EVP, Portfolio Operations) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Nov 27 ’23 and was made at $39.85 per share for $0.16 million. Following the transaction, the insider now directly holds 56450.0 shares of the NNN stock.
Still, SEC filings show that on Nov 07 ’23, Miller Michelle Lynn (EVP, Chief Accounting Officer) disposed off 1,250 shares at an average price of $38.27 for $47838.0. The insider now directly holds 56,868 shares of NNN REIT Inc (NNN).
