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Wednesday, September 27, 2023

What Are The Chances Of NNN REIT Inc. (NYSE: NNN) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for NNN REIT Inc. (NNN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.33, or 0.86%, to $38.50. The NNN REIT Inc. has recorded 33,233 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that NNN REIT, Inc. Appoints Jonathan A. Adamo Executive Vice President, Portfolio Operations.

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Stocks Info

As a NYSE listed company, NNN falls under the Real Estate sector while operating within the REIT – Retail industry segment. At the end of the last regular session, the stock closed at $38.17 and fluctuated between $38.24 as its day high and $37.88 as its day low. The current market capitalization of NNN REIT Inc. is $6.98B. A total of 1.57 million shares were traded on the day, compared to an average of 1.48M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NNN has seen 9 BUY and 0 SELL insider trades, representing the acquisition of 18,291 and the disposition of 0 shares. Over the last 12 months, there were 41 BUYs and 5 SELLs from insiders. Insiders purchased 289,463 shares during that period but sold 44,353.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. NNN REIT Inc. pays an annual dividend of $2.26, resulting in a dividend yield of 5.92%, and it has a price to earnings (P/E) ratio of 18.72. NNN’s most recent ex-dividend date was 7/28/2023 when it declared a $0.5650 quarterly dividend that was paid in cash on 8/15/2023. Previously, the company paid the dividend on 5/15/2023 with an ex-dividend date of 4/27/2023. The NNN stock dividend was $0.55 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NNN in the last 3 months, the mean price target is $45.38 with high estimates of $50.00 and low estimates of $41.00. In terms of 52-week highs and lows, NNN has a high of $48.21 and a low of $37.75.

As of this writing, NNN has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.46. The company reported an EPS of $0.5 in the last quarter, which was 6.40% higher than expectations of $0.47.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NNN’s latest balance sheet shows that the firm has $171.32M in Cash & Short Term Investments as of fiscal 2021. There were $3.75B in debt and $23.92M in liabilities at the time. Its Book Value Per Share was $22.92, while its Total Shareholder’s Equity was $3.90B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NNN is Buy with a score of 3.82.

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