Market Momentum: NNN REIT Inc (NNN) Registers a 1.03 Increase, Closing at 46.08

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NNN REIT Inc (NYSE: NNN) closed the day trading at $46.08 up 1.03% from the previous closing price of $45.61. In other words, the price has increased by $1.03 from its previous closing price. On the day, 0.9 million shares were traded. NNN stock price reached its highest trading level at $46.15 during the session, while it also had its lowest trading level at $45.5329.

Ratios:

For a better understanding of NNN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 503.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.56. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 1.05.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on May 31, 2024, initiated with a Neutral rating and assigned the stock a target price of $41.

On May 02, 2024, Exane BNP Paribas Upgraded its rating to Neutral which previously was Underperform but kept the price unchanged to $42.

On September 21, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $40.Wells Fargo initiated its Equal Weight rating on September 21, 2023, with a $40 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 20 ’24 when HABICHT KEVIN B sold 24,222 shares for $45.93 per share. The transaction valued at 1,112,516 led to the insider holds 301,827 shares of the business.

HABICHT KEVIN B bought 24,222 shares of NNN for $1,091,928 on Aug 19 ’24. On Aug 06 ’24, another insider, Miller Michelle Lynn, who serves as the EVP,Chief Acctg & Tech Officer of the company, sold 4,000 shares for $46.88 each. As a result, the insider received 187,520 and left with 69,756 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NNN now has a Market Capitalization of 8463053312 and an Enterprise Value of 12843741184. As of this moment, NNN’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.78, and their Forward P/E ratio for the next fiscal year is 22.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.91 while its Price-to-Book (P/B) ratio in mrq is 2.02. Its current Enterprise Value per Revenue stands at 15.047 whereas that against EBITDA is 16.483.

Stock Price History:

Over the past 52 weeks, NNN has reached a high of $47.19, while it has fallen to a 52-week low of $34.38. The 50-Day Moving Average of the stock is 4.20%, while the 200-Day Moving Average is calculated to be 9.65%.

Shares Statistics:

Over the past 3-months, NNN traded about 960.97K shares per day on average, while over the past 10 days, NNN traded about 934270 shares per day. A total of 182.47M shares are outstanding, with a floating share count of 181.95M. Insiders hold about 0.93% of the company’s shares, while institutions hold 93.26% stake in the company. Shares short for NNN as of 1722384000 were 3832977 with a Short Ratio of 3.99, compared to 1719532800 on 4001782. Therefore, it implies a Short% of Shares Outstanding of 3832977 and a Short% of Float of 2.86.

Dividends & Splits

NNN’s forward annual dividend rate is 2.27, up from 2.26 a year ago. Against a Trailing Annual Dividend Yield of 0.049550537The stock’s 5-year Average Dividend Yield is 5.0.

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