NNN REIT Inc (NYSE: NNN) is -1.72% lower on its value in year-to-date trading and has touched a low of $37.69 and a high of $49.57 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 $42.58 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $42.36, the stock is -6.12% and -9.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -0.52% at the moment leaves the stock -3.20% off its SMA200. NNN registered 12.21% gain for a year compared to 6-month gain of -0.89%. The firm has a 50-day simple moving average (SMA 50) of $46.9718 and a 200-day simple moving average (SMA200) of $43.76025.
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The stock witnessed a -13.59% loss in the last 1 month and extending the period to 3 months gives it a -6.49%, and is 2.17% 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 1.75% over the week and 1.92% over the month.
NNN REIT Inc (NNN) has around 82 employees, a market worth around $7.94B and $867.01M in sales. Current P/E ratio is 19.61 and Fwd P/E is 20.86. Profit margin for the company is 45.55%. Distance from 52-week low is 12.39% and -14.55% from its 52-week high. The company has generated returns on investments over the last 12 months (4.51%).
The EPS is expected to shrink by -4.74% this year
634.0 institutions hold shares in NNN REIT Inc (NNN), with institutional investors hold 89.89% of the company’s shares. The shares outstanding are 187.53M, and float is at 186.06M with Short Float at 2.79%. Institutions hold 89.19% 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
NNN REIT Inc disclosed in a document filed with the SEC on Aug 26 ’24 that Adamo Jonathan (EVP, Portfolio Operations) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $47.10 per share for $0.24 million. Following the transaction, the insider now directly holds 71251.0 shares of the NNN stock.
Still, SEC filings show that on Aug 23 ’24, Horn Stephen A JR (President & CEO) disposed off 28,192 shares at an average price of $46.62 for $1.31 million. The insider now directly holds 557,451 shares of NNN REIT Inc (NNN).
