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NNN REIT Inc (NNN) – Don’t Be So Quick to Call it Dead

NNN REIT Inc (NYSE: NNN) is 0.64% higher on its value in year-to-date trading and has touched a low of $35.80 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 $41.38 in the last trading session, with the day’s loss setting it -0.27%.

Currently trading at $41.11, the stock is 1.17% and -1.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -0.65% at the moment leaves the stock -5.63% off its SMA200. NNN registered 0.86% gain for a year compared to 6-month loss of -11.74%. The firm has a 50-day simple moving average (SMA 50) of $41.539 and a 200-day simple moving average (SMA200) of $43.5626.

The stock witnessed a -3.61% gain in the last 1 month and extending the period to 3 months gives it a 4.34%, and is -0.02% 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 1.54% over the week and 3.07% over the month.

NNN REIT Inc (NNN) has around 83 employees, a market worth around $7.73B and $869.27M in sales. Current P/E ratio is 19.10 and Fwd P/E is 19.95. Profit margin for the company is 45.57%. Distance from 52-week low is 14.83% and -17.07% from its 52-week high. The company has generated returns on investments over the last 12 months (4.75%).

with sales reaching $219.84M over the same period.The EPS is expected to shrink by -7.62% this year, but quarterly earnings will post 3.47% year-over-year. Quarterly sales are estimated to grow 2.06% in year-over-year returns.

648.0 institutions hold shares in NNN REIT Inc (NNN), with institutional investors hold 91.46% of the company’s shares. The shares outstanding are 187.54M, and float is at 186.35M with Short Float at 3.01%. Institutions hold 90.64% 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 14.3905 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 11.7031 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 6.5277 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 Horn Stephen A JR, the company’s President & CEO. SEC filings show that Horn Stephen A JR sold 55,356 shares of the company’s common stock on Mar 17 ’25 at a price of $42.46 per share for a total of $2.35 million. Following the sale, the insider now owns 0.71 million shares.

Still, SEC filings show that on Dec 10 ’24, Miller Michelle Lynn (EVP,Chief Acctg & Tech Officer) disposed off 1,000 shares at an average price of $42.51 for $42510.0. The insider now directly holds 68,756 shares of NNN REIT Inc (NNN).

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