NNN REIT Inc (NYSE: NNN) has experienced a decline in its stock price by -0.37 compared to its previous closing price of 46.15. However, the company has seen a fall of -4.90% in its stock price over the last five trading days. fool.com reported 2024-10-26 that If you are looking for reliable income, these net lease REITs are each designed to let you sleep well at night.
Is It Worth Investing in NNN REIT Inc (NYSE: NNN) Right Now?
NNN REIT Inc (NYSE: NNN) has a price-to-earnings ratio of 20.73x that is above its average ratio. Additionally, the 36-month beta value for NNN is 1.08. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NNN is 182.23M and currently, short sellers hold a 2.21% ratio of that float. The average trading volume of NNN on October 31, 2024 was 1.04M shares.
NNN’s Market Performance
The stock of NNN REIT Inc (NNN) has seen a -4.90% decrease in the past week, with a -5.37% drop in the past month, and a 0.00% fall in the past quarter. The volatility ratio for the week is 1.77%, and the volatility levels for the past 30 days are at 1.45% for NNN. The simple moving average for the last 20 days is -3.80% for NNN’s stock, with a simple moving average of 5.20% 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 -3.83% 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 -7.24% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares sank -5.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.81% upper at present.
During the last 5 trading sessions, NNN fell by -4.90%, which changed the moving average for the period of 200-days by +6.91% in comparison to the 20-day moving average, which settled at $47.80. In addition, NNN REIT Inc saw 6.68% 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 15.02. 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 seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
