NNN REIT Inc (NYSE: NNN) is 5.24% higher on its value in year-to-date trading and has touched a low of $37.55 and a high of $49.57 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 $42.44 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $42.99, the stock is 4.93% and 6.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 1.30% at the moment leaves the stock -1.64% off its SMA200. NNN registered 4.30% gain for a year compared to 6-month loss of -8.51%.
The stock witnessed a 9.81% gain in the last 1 month and extending the period to 3 months gives it a -2.25%, and is 2.58% 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 1.80% over the week and 1.93% over the month.
NNN REIT Inc (NNN) has around 83 employees, a market worth around $8.06B and $869.27M in sales. Current P/E ratio is 19.98 and Fwd P/E is 20.75. Profit margin for the company is 45.57%. Distance from 52-week low is 14.49% and -13.27% from its 52-week high. The company has generated returns on investments over the last 12 months (4.75%).
with sales reaching $220.39M over the same period.The EPS is expected to shrink by -7.81% this year, but quarterly earnings will post 3.55% year-over-year. Quarterly sales are estimated to grow 2.31% in year-over-year returns.
The shares outstanding are 187.54M, and float is at 185.68M with Short Float at 2.47%.
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
A total of 0 insider transactions have happened at NNN REIT Inc (NNN) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
NNN REIT Inc (NNN): Who are the competitors?
One of the company’s main competitors (and peers) include Weyerhaeuser Co. (WY) that is trading -10.50% down over the past 12 months.EastGroup Properties Inc. (EGP) lies in the list of competitors of the NNN REIT Inc and is 3.82% higher over the same period from NNNHealthpeak Properties Inc. (DOC) is 16.22% up on the 1-year trading charts.
