The stock of NNN REIT Inc (NNN) has seen a -1.67% decrease in the past week, with a -1.84% drop in the past month, and a 5.99% flourish in the past quarter. The volatility ratio for the week is 1.23%, and the volatility levels for the past 30 days are at 1.64% for NNN. The simple moving average for the last 20 days is -1.37% for NNN’s stock, with a simple moving average of 8.27% for the last 200 days.
Is It Worth Investing in NNN REIT Inc (NYSE: NNN) Right Now?
NNN REIT Inc (NYSE: NNN) has a higher price-to-earnings ratio of 20.43x compared to its average ratio, The 36-month beta value for NNN is at 1.07. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for NNN is 182.16M, and currently, shorts hold a 2.10% of that float. The average trading volume for NNN on August 16, 2024 was 959.82K shares.
NNN) stock’s latest price update
NNN REIT Inc (NYSE: NNN)’s stock price has dropped by -1.24 in relation to previous closing price of 45.87. Nevertheless, the company has seen a loss of -1.67% in its stock price over the last five trading days. investorplace.com reported 2024-08-09 that Those holding REITs have seen their portfolios lag behind in recent years, with the sector struggling under the weight of rising interest rates. The current economic climate has been particularly harsh on REITs, which are feeling the strain from increased borrowing costs and a shift in investor preference towards safer fixed-income assets.
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 3.01% 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 -4.01% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares sank -1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.36% upper at present.
During the last 5 trading sessions, NNN fell by -1.67%, which changed the moving average for the period of 200-days by +28.73% in comparison to the 20-day moving average, which settled at $45.90. In addition, NNN REIT Inc saw 5.10% 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 Miller Michelle Lynn, who sale 4,000 shares at the price of $46.88 back on Aug 06 ’24. After this action, Miller Michelle Lynn now owns 69,756 shares of NNN REIT Inc, valued at $187,520 using the latest closing price.
Tessitore Christopher Paul, the EVP of NNN REIT Inc, sale 38,056 shares at $41.68 during a trade that took place back on Dec 13 ’23, which means that Tessitore Christopher Paul is holding 140,539 shares at $1,586,277 based on the most recent closing price.
Stock Fundamentals for NNN
Current profitability levels for the company are sitting at:
- 0.65 for the present operating margin
- 0.82 for the gross margin
The net margin for NNN REIT Inc stands at 0.47. The total capital return value is set at 0.06. Equity return is now at value 9.69, with 4.74 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 3.18.
Currently, EBITDA for the company is 753.37 million with net debt to EBITDA at 5.63. When we switch over and look at the enterprise to sales, we see a ratio of 14.88. The receivables turnover for the company is 334.61for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In conclusion, NNN REIT Inc (NNN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
