NNN REIT Inc (NYSE: NNN)’s stock price has plunge by 0.83relation to previous closing price of 42.11. Nevertheless, the company has seen a 4.76% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-04 that NNN REIT offers stability and reliability for long-term investors seeking income, with consistent and steady growth in earnings and dividends. The REIT has shown the ability to grow through acquisitions, taking advantage of lower cost of capital and attractive spreads. NNN REIT has a lower payout ratio compared to its peers, indicating potential for higher dividend increases and reinvestment in the business.
Is It Worth Investing in NNN REIT Inc (NYSE: NNN) Right Now?
The price-to-earnings ratio for NNN REIT Inc (NYSE: NNN) is above average at 19.50x, Company’s 36-month beta value is 1.03.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for NNN is 181.85M, and currently, short sellers hold a 1.89% ratio of that floaft. The average trading volume of NNN on May 08, 2024 was 1.42M shares.
NNN’s Market Performance
NNN stock saw an increase of 4.76% in the past week, with a monthly gain of 1.05% and a quarterly increase of 5.57%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 1.66% for NNN REIT Inc (NNN). The simple moving average for the past 20 days is 4.10% for NNN’s stock, with a 6.03% simple moving average for the past 200 days.
Analysts’ Opinion of NNN
Many brokerage firms have already submitted their reports for NNN stocks, with Exane BNP Paribas repeating the rating for NNN by listing it as a “Neutral.” The predicted price for NNN in the upcoming period, according to Exane BNP Paribas is $42 based on the research report published on May 02, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see NNN reach a price target of $40. The rating they have provided for NNN stocks is “Equal Weight” according to the report published on September 21st, 2023.
Janney gave a rating of “Buy” to NNN, setting the target price at $48 in the report published on June 28th of the previous year.
NNN Trading at 2.58% 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 -5.36% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -0.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.18% upper at present.
During the last 5 trading sessions, NNN rose by +4.76%, which changed the moving average for the period of 200-days by -4.58% in comparison to the 20-day moving average, which settled at $40.78. In addition, NNN REIT Inc saw -1.48% 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 9.54, with 4.68 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 14.62. The receivables turnover for the company is 21.64for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In a nutshell, NNN REIT Inc (NNN) has experienced a mixed performance in recent times. The stock has received mixed “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.
