NNN REIT Inc [NNN] stock is trading at $42.66, up 1.35%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NNN shares have gain 3.87% over the last week, with a monthly amount glided 3.39%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, 2023 ANNUAL RESULTS AND 2024 GUIDANCE ANNOUNCED BY NNN REIT, INC. In a post published today on Yahoo Finance, NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2023. Highlights include:.
From an analyst’s perspective:
NNN REIT Inc [NYSE: NNN] stock has seen the most recent analyst activity on September 21, 2023, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $40. Previously, Janney upgraded its rating to Buy on June 28, 2023, and kept the price target unchanged to $48. On June 14, 2023, Exane BNP Paribas initiated with a Underperform rating and assigned a price target of $42 on the stock. Raymond James downgraded its rating to a Outperform and increased its price target to $50 on January 09, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $52 on January 03, 2023. Oppenheimer started tracking with a Outperform rating for this stock on October 20, 2022, and assigned it a price target of $48. In a note dated July 12, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock but restated the target price of $45.
NNN REIT Inc [NNN] stock has fluctuated between $34.38 and $44.96 over the past year. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. NNN REIT Inc [NYSE: NNN] shares were valued at $42.66 at the most recent close of the market. An investor can expect a potential return of 16.03% based on the average NNN price forecast.
Analyzing the NNN fundamentals
NNN REIT Inc [NYSE:NNN] reported sales of 828.11M for the trailing twelve months, which represents a growth of 8.92%. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.67%, Pretax Profit Margin comes in at 0.47%, and Net Profit Margin reading is 0.47%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.32 points at the first support level, and at 41.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.84, and for the 2nd resistance point, it is at 43.02.
NNN REIT Inc [NNN] reported earnings per share of $0.53 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.05 and a surprise factor of 10.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.59 per share as compared to estimates of $0.46 per share, a difference of $0.13 representing a surprise of 28.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.40, the price to book ratio is 1.87 and price to earnings (TTM) ratio is 19.78.
Transactions by insiders
Recent insider trading involved Tessitore Christopher Paul, EVP, that happened on Dec 13 ’23 when 38056.0 shares were sold. EVP, Portfolio Operations, Adamo Jonathan completed a deal on Nov 27 ’23 to sell 4000.0 shares. Meanwhile, EVP, Chief Accounting Officer Miller Michelle Lynn sold 1250.0 shares on Nov 07 ’23.
