NNN REIT Inc (NYSE: NNN) is 12.13% higher on its value in year-to-date trading and has touched a low of $34.38 and a high of $48.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NNN stock was last observed hovering at around $48.46 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $48.33, the stock is 3.01% and 5.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -0.27% at the moment leaves the stock 13.27% off its SMA200. NNN registered 26.62% gain for a year compared to 6-month gain of 15.84%.
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The stock witnessed a 5.59% loss in the last 1 month and extending the period to 3 months gives it a 15.40%, and is 0.88% 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 1.37% over the week and 1.25% over the month.
NNN REIT Inc (NNN) has around 82 employees, a market worth around $8.88B and $853.58M in sales. Current P/E ratio is 21.79 and Fwd P/E is 23.60. Profit margin for the company is 47.31%. Distance from 52-week low is 40.58% and -1.33% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
The EPS is expected to shrink by -4.34% this year
618.0 institutions hold shares in NNN REIT Inc (NNN), with institutional investors hold 92.81% of the company’s shares. The shares outstanding are 182.47M, and float is at 182.23M with Short Float at 2.00%. Institutions hold 92.09% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.25 million shares valued at $1.12 billion. The investor’s holdings represent 14.4415 of the NNN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 21.35 million shares valued at $909.55 million to account for 11.7446 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 12.87 million shares representing 7.0801 and valued at over $548.31 million, while STATE STREET CORP holds 6.5508 of the shares totaling 11.91 million with a market value of $507.32 million.
NNN REIT Inc (NNN) Insider Activity
The most recent transaction is an insider sale by Adamo Jonathan, the company’s EVP, Portfolio Operations. SEC filings show that Adamo Jonathan sold 5,000 shares of the company’s common stock on Aug 26 ’24 at a price of $47.10 per share for a total of $0.24 million. Following the sale, the insider now owns 71251.0 shares.
NNN REIT Inc disclosed in a document filed with the SEC on Aug 23 ’24 that Horn Stephen A JR (President & CEO) sold a total of 28,192 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $46.62 per share for $1.31 million. Following the transaction, the insider now directly holds 0.56 million shares of the NNN stock.
Still, SEC filings show that on Aug 23 ’24, Stephen A. Horn, Jr. (CEO) Proposed Sale 28,192 shares at an average price of $46.13 for $1.3 million. The insider now directly holds shares of NNN REIT Inc (NNN).
