NNN REIT Inc (NYSE: NNN) is -5.50% lower on its value in year-to-date trading and has touched a low of $38.88 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 $40.71 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $40.73, the stock is -3.43% and -6.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.05% at the moment leaves the stock -7.40% off its SMA200. NNN registered -5.28% loss for a year compared to 6-month gain of -3.53%. The firm has a 50-day simple moving average (SMA 50) of $43.8556 and a 200-day simple moving average (SMA200) of $43.99515.
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The stock witnessed a -6.82% loss in the last 1 month and extending the period to 3 months gives it a -15.16%, and is -0.15% down 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 2.03% over the week and 1.73% over the month.
NNN REIT Inc (NNN) has around 82 employees, a market worth around $7.64B and $867.01M in sales. Current P/E ratio is 18.85 and Fwd P/E is 20.24. Profit margin for the company is 45.55%. Distance from 52-week low is 4.76% and -17.83% 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 -4.13% this year
668.0 institutions hold shares in NNN REIT Inc (NNN), with institutional investors hold 92.65% of the company’s shares. The shares outstanding are 187.53M, and float is at 186.08M with Short Float at 1.97%. Institutions hold 91.94% 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 Miller Michelle Lynn, the company’s EVP,Chief Acctg & Tech Officer. SEC filings show that Miller Michelle Lynn sold 1,000 shares of the company’s common stock on Dec 10 ’24 at a price of $42.51 per share for a total of $42510.0. Following the sale, the insider now owns 68756.0 shares.
Still, SEC filings show that on Aug 26 ’24, Adamo Jonathan (EVP, Portfolio Operations) disposed off 5,000 shares at an average price of $47.10 for $0.24 million. The insider now directly holds 71,251 shares of NNN REIT Inc (NNN).
