NNN REIT Inc (NYSE:NNN) price on Friday, June 13, fall -0.31% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $42.42.
A look at the stock’s price movement, the close in the last trading session was $42.55. The PE ratio in trailing twelve months stood at 19.73. Turning to its 52-week performance, $49.57 and $35.80 were the 52-week high and 52-week low respectively. Overall, NNN moved 4.35% over the past month.
NNN REIT Inc’s market cap currently stands at around $7.97 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 2.32, with its dividend yield at 5.46%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 224.18M for the company’s revenue for the quarter, with a low and high estimate of 217.98M and 229.47M respectively. The average forecast suggests up to a 3.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 908.19M, representing a 4.48% jump on that reported in the last financial year.
17 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 11 recommend NNN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NNN’s current price about 1.58% and 2.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.96, while 7-day volatility ratio is 0.38% and 0.88% in the 30-day chart. Further, NNN REIT Inc (NNN) has a beta value of 0.92, and an average true range (ATR) of 0.63. Analysts have given the company’s stock an average 52-week price target of $46, forecast between a low of $46 and high of $46. Looking at the price targets, the low is -8.44% off current price level while to achieve the yearly target high, price needs to move -8.44%. Nonetheless, investors will most likely welcome a -8.44% jump to $46 which is the analysts’ median price.
If we refocus on NNN REIT Inc (NYSE:NNN), historical trading data shows that trading volumes averaged 1.30 million over the past 3 months. The company’s latest data on shares outstanding shows there are 187.95 million shares.
The 0.90% of NNN REIT Inc’s shares are in the hands of company insiders while institutional holders own 91.62% of the company’s shares. Current price change has pushed the stock 3.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NNN stock continues to rise going into the next quarter.
