As of Thursday close, NNN REIT Inc.’s (NYSE:NNN) stock was down -$1.48, moving down -3.88 percent to $36.68. The average number of shares traded per day over the past five days has been 1,665,720 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.80 fall in that time frame. In the last twenty days, the average volume was 1,248,210, while in the previous 50 days, it was 1,552,164.
Since last month, NNN stock retreated -5.90%. Shares of the company fell to $36.57 on 09/21/23, the lowest level in the past month. A 52-week high of $48.21 was reached on 01/12/23 after having rallying from a 52-week low of $37.75. Since the beginning of this year, NNN’s stock price has dropped by -19.84% or -$9.08, and marked a new high 4 times. However, the stock has declined by -23.92% since its 52-week high.
Valuation Metrics
Right now, NNN REIT Inc. (NNN) has a P/E ratio of about 17.99. The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 8.45, the price-to-book (PB) ratio of 1.60.
The latest dividend of $0.5650 per share was paid out, which is 2.73% more than last year’s $0.55. On Friday July 14 2023, a $0.0150 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.98, and the total debt-to-equity ratio was 0.98. On the profitability front, the trailing twelve-month gross margin is 96.70% percent. In the year ended June 29, operating margins totaled 65.30%. Based on annual data, NNN earned $482.54 million in gross profit and brought in $773.05 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.00%. Return on equity (ROE) for the past 12 months was 9.00%.
In NNN REIT Inc.’s quarter-end financial report for June 29, it reported total debt of $3.74 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NNN’s revenue rose 5.85% to $204.11 million during the quarter, while net income inched up to $202.64 million. While analysts expected NNN REIT Inc. to report $0.48 quarterly earnings, the actual figure was $0.54 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $200.85 million in EBITDA. The value of shareholders’ equity is $182.41 million.
Technical Picture
This quick technical analysis looks at NNN REIT Inc.’s (NNN) price momentum. With a historical volatility rate of 21.68%, the RSI 9-day stood at 20.47% on 21 September.
With respect to its five-day moving average, the current NNN REIT Inc. price is down by -4.68% percent or -$1.80. At present, NNN shares trade -7.33% below its 20-day simple moving average and -15.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.78% below its SMA50 and -20.61% below its SMA200.
Stochastic coefficient K was 15.90% and Stochastic coefficient D was 18.64%, while ATR was 0.61. Given the Stochastic reading of 3.57% for the 14-day period, the RSI (14) reading has been calculated as 24.66%. As of today, the MACD Oscillator reading stands at -0.31, while the 14-day reading stands at -0.47.
With a median target price of $45.00, the current consensus forecast for the stock is $40.00 – $50.00. Based on these forecasts, analysts predict NNN REIT Inc. (NNN) will achieve an average price target of $44.75.
