The Impact of Market Fluctuations on NNN REIT Inc’s (NNN) Stock

The stock of NNN REIT Inc (NNN) has gone down by -1.24% for the week, with a 0.70% rise in the past month and a -3.69% drop in the past quarter. The volatility ratio for the week is 1.15%, and the volatility levels for the past 30 days are 1.57% for NNN. The simple moving average for the last 20 days is -1.33% for NNN stock, with a simple moving average of 3.09% for the last 200 days.

Is It Worth Investing in NNN REIT Inc (NYSE: NNN) Right Now?

The price-to-earnings ratio for NNN REIT Inc (NYSE: NNN) is 19.25x, which is above its average ratio. Moreover, the 36-month beta value for NNN is 0.99. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”

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The public float for NNN is 181.00M and currently, short sellers hold a 2.16% of that float. On April 03, 2024, NNN’s average trading volume was 1.51M shares.

NNN) stock’s latest price update

The stock price of NNN REIT Inc (NYSE: NNN) has plunged by -1.82 when compared to previous closing price of 42.28, but the company has seen a -1.24% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-02 that Prologis has ridden the digital economy to become a real estate juggernaut. NNN is a high-yield REIT for conservative investors.

Analysts’ Opinion of NNN

Many brokerage firms have already submitted their reports for NNN stocks, with Wells Fargo repeating the rating for NNN by listing it as a “Equal Weight.” The predicted price for NNN in the upcoming period, according to Wells Fargo is $40 based on the research report published on September 21, 2023 of the previous year 2023.

Janney, on the other hand, stated in their research note that they expect to see NNN reach a price target of $48. The rating they have provided for NNN stocks is “Buy” according to the report published on June 28th, 2023.

Exane BNP Paribas gave a rating of “Underperform” to NNN, setting the target price at $42 in the report published on June 14th of the previous year.

NNN Trading at 0.49% from the 50-Day Moving Average

After a stumble in the market that brought NNN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.67% of loss for the given period.

Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.15%, as shares sank -0.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.94% lower at present.

During the last 5 trading sessions, NNN fell by -1.24%, which changed the moving average for the period of 200-days by -2.51% in comparison to the 20-day moving average, which settled at $42.05. In addition, NNN REIT Inc saw -3.69% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NNN starting from Tessitore Christopher Paul, who sale 38,056 shares at the price of $41.68 back on Dec 13 ’23. After this action, Tessitore Christopher Paul now owns 140,539 shares of NNN REIT Inc, valued at $1,586,277 using the latest closing price.

Adamo Jonathan, the EVP, Portfolio Operations of NNN REIT Inc, sale 4,000 shares at $39.85 during a trade that took place back on Nov 27 ’23, which means that Adamo Jonathan is holding 56,450 shares at $159,400 based on the most recent closing price.

Stock Fundamentals for NNN

Current profitability levels for the company are sitting at:

  • 0.67 for the present operating margin
  • 0.95 for the gross margin

The net margin for NNN REIT Inc stands at 0.47. The total capital return value is set at 0.07. Equity return is now at value 9.48, with 4.67 for asset returns.

Based on NNN REIT Inc (NNN), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 3.39.

Currently, EBITDA for the company is 753.37 million with net debt to EBITDA at 5.68. When we switch over and look at the enterprise to sales, we see a ratio of 14.41. The receivables turnover for the company is 21.64for trailing twelve months and the total asset turnover is 0.1.

Conclusion

To wrap up, the performance of NNN REIT Inc (NNN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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