The stock of NNN REIT Inc (NNN) has gone up by 2.04% for the week, with a 2.48% rise in the past month and a 13.56% rise in the past quarter. The volatility ratio for the week is 1.21%, and the volatility levels for the past 30 days are 1.23% for NNN. The simple moving average for the last 20 days is 3.40% for NNN stock, with a simple moving average of 12.90% for the last 200 days.
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 21.60x, Company’s 36-month beta value is 1.06.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.”
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The public float for NNN is 182.23M, and currently, short sellers hold a 2.26% ratio of that floaft. The average trading volume of NNN on September 06, 2024 was 987.69K shares.
NNN) stock’s latest price update
NNN REIT Inc (NYSE: NNN)’s stock price has decreased by -0.25 compared to its previous closing price of 48.03. However, the company has seen a 2.04% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-04 that NNN REIT is a real estate investment trust with a diversified portfolio and high occupancy rates across 49 states. NNN is a dividend aristocrat with a history of annual dividend increases, and is likely to benefit from the upcoming interest rate reduction cycle. Lower interest rates are expected to increase the value of commercial properties, support NNN’s dividend growth, and ease pressure on tenants’ expenses. Shares should appreciate as this plays out.
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 6.03% 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 -0.31% of loss for the given period.
Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.21%, as shares surge +3.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.40% upper at present.
During the last 5 trading sessions, NNN rose by +2.04%, which changed the moving average for the period of 200-days by +22.78% in comparison to the 20-day moving average, which settled at $46.41. In addition, NNN REIT Inc saw 11.16% 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 Adamo Jonathan, who sale 5,000 shares at the price of $47.10 back on Aug 26 ’24. After this action, Adamo Jonathan now owns 71,251 shares of NNN REIT Inc, valued at $235,500 using the latest closing price.
Horn Stephen A JR, the President & CEO of NNN REIT Inc, sale 28,192 shares at $46.62 during a trade that took place back on Aug 23 ’24, which means that Horn Stephen A JR is holding 557,451 shares at $1,314,311 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 15.44. The receivables turnover for the company is 334.61for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In a nutshell, NNN REIT Inc (NNN) has experienced a better 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.
