NNN REIT Inc (NYSE: NNN) has a price-to-earnings ratio of 18.79x that is above its average ratio. Additionally, the 36-month beta value for NNN is 0.99. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for NNN is 181.00M and currently, short sellers hold a 1.90% ratio of that float. The average trading volume of NNN on May 01, 2024 was 1.41M shares.
NNN) stock’s latest price update
The stock of NNN REIT Inc (NYSE: NNN) has decreased by -0.27 when compared to last closing price of 40.64.Despite this, the company has seen a loss of -1.05% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-28 that The only viable way to afford retirement is through building a steady stream of passive income. NNN logged modest core FFO per share growth in 2023 and more growth should lie ahead. The REIT’s BBB+ credit rating from S&P affords it opportunities to access capital on reasonably attractive terms.
NNN’s Market Performance
NNN REIT Inc (NNN) has experienced a -1.05% fall in stock performance for the past week, with a -4.14% drop in the past month, and a -0.10% drop in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are at 1.56% for NNN.. The simple moving average for the past 20 days is -0.77% for NNN’s stock, with a 1.08% simple moving average for the past 200 days.
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 -2.03% 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 -9.85% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares sank -2.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.66% lower at present.
During the last 5 trading sessions, NNN fell by -1.05%, which changed the moving average for the period of 200-days by -6.12% in comparison to the 20-day moving average, which settled at $40.79. In addition, NNN REIT Inc saw -5.96% 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 14.2. The receivables turnover for the company is 21.64for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In conclusion, NNN REIT Inc (NNN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
