In the past week, NNN stock has gone up by 0.46%, with a monthly decline of -0.02% and a quarterly surge of 8.55%. The volatility ratio for the week is 1.45%, and the volatility levels for the last 30 days are 1.67% for NNN REIT Inc The simple moving average for the past 20 days is 0.57% for NNN’s stock, with a 9.65% simple moving average for the past 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 20.78x compared to its average ratio, The 36-month beta value for NNN is at 1.08. 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 181.95M, and currently, shorts hold a 2.11% of that float. The average trading volume for NNN on August 22, 2024 was 960.97K shares.
NNN) stock’s latest price update
The stock price of NNN REIT Inc (NYSE: NNN) has surged by 1.03 when compared to previous closing price of 45.61, but the company has seen a 0.46% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-19 that Earnings season focused on big tech stocks driving the S&P 500, accounting for 36% of index weighting. Major takeaways include strong profits, consumer spending cuts, luxury brand sales decline, and banks struggling with high interest rates. Enbridge offers 7% yield with strong growth potential, while NNN REIT provides 5% yield and safety in challenging market conditions.
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 4.20% 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 -2.35% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares surge +1.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.42% upper at present.
During the last 5 trading sessions, NNN rose by +0.46%, which changed the moving average for the period of 200-days by +18.64% in comparison to the 20-day moving average, which settled at $45.85. In addition, NNN REIT Inc saw 6.91% 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 HABICHT KEVIN B, who sale 24,222 shares at the price of $45.93 back on Aug 20 ’24. After this action, HABICHT KEVIN B now owns 301,827 shares of NNN REIT Inc, valued at $1,112,516 using the latest closing price.
HABICHT KEVIN B, the Officer of NNN REIT Inc, proposed sale 24,222 shares at $45.08 during a trade that took place back on Aug 19 ’24, which means that HABICHT KEVIN B is holding shares at $1,091,928 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 15.04. 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 better 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.
