NNN REIT Inc (NYSE: NNN)’s stock price has plunge by -2.62relation to previous closing price of 46.10. Nevertheless, the company has seen a -1.25% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-31 that Net lease REITs provide efficient real estate capital for companies, creating wealth for shareholders, employees, and stakeholders. Business model transparency is key for value investing in net lease REITs. Chris Volk applies a universal business model to compare five top net lease REITs.
Is It Worth Investing in NNN REIT Inc (NYSE: NNN) Right Now?
NNN REIT Inc (NYSE: NNN) has a price-to-earnings ratio that is above its average at 20.61x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NNN is 181.86M, and at present, short sellers hold a 2.20% of that float. On August 01, 2024, the average trading volume of NNN was 899.65K shares.
NNN’s Market Performance
NNN stock saw an increase of -1.25% in the past week, with a monthly gain of 6.40% and a quarterly increase of 10.76%. The volatility ratio for the week is 1.41%, and the volatility levels for the last 30 days are 1.35% for NNN REIT Inc (NNN). The simple moving average for the last 20 days is 0.70% for NNN stock, with a simple moving average of 8.79% for the last 200 days.
Analysts’ Opinion of NNN
Many brokerage firms have already submitted their reports for NNN stocks, with UBS repeating the rating for NNN by listing it as a “Neutral.” The predicted price for NNN in the upcoming period, according to UBS is $41 based on the research report published on May 31, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see NNN reach a price target of $42. The rating they have provided for NNN stocks is “Neutral” according to the report published on May 02nd, 2024.
Wells Fargo gave a rating of “Equal Weight” to NNN, setting the target price at $40 in the report published on September 21st of the previous year.
NNN Trading at 4.41% 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 -3.98% of loss for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +6.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.47% upper at present.
During the last 5 trading sessions, NNN fell by -1.25%, which changed the moving average for the period of 200-days by +27.28% in comparison to the 20-day moving average, which settled at $44.71. In addition, NNN REIT Inc saw 4.15% in overturn over a single year, with a tendency to cut further gains.
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
- 0.88 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 1.04. The interest coverage ratio of the stock is 3.32.
Currently, EBITDA for the company is 753.37 million with net debt to EBITDA at 5.6. When we switch over and look at the enterprise to sales, we see a ratio of 15.0. The receivables turnover for the company is 235.19for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To sum up, NNN REIT Inc (NNN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
