NNN REIT, Inc. (NYSE:NNN - Get Free Report) EVP Michelle Lynn Miller sold 1,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $42.51, for a total value of $42,510.00. Following the transaction, the executive vice president now owns 68,756 shares in the company, valued at $2,922,817.56. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NNN REIT Stock Down 0.7 %
NNN REIT stock opened at $42.40 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.85 and a quick ratio of 2.85. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.16 and a beta of 1.10. NNN REIT, Inc. has a 1-year low of $38.88 and a 1-year high of $49.57. The business has a fifty day moving average price of $45.07 and a 200-day moving average price of $45.07.
NNN REIT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.58 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.47%. NNN REIT's dividend payout ratio (DPR) is 107.41%.
Analyst Ratings Changes
I was wrong. Dead wrong.
From Porter & Company | Ad
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was.
Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
Here’s the full story for you.
Several analysts have issued reports on the company. UBS Group dropped their target price on NNN REIT from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Robert W. Baird increased their target price on NNN REIT from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Royal Bank of Canada dropped their target price on NNN REIT from $48.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. B. Riley dropped their target price on NNN REIT from $49.00 to $46.50 and set a "buy" rating on the stock in a research report on Wednesday, December 4th. Finally, StockNews.com cut NNN REIT from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.93.
Read Our Latest Stock Report on NNN
Hedge Funds Weigh In On NNN REIT
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. LRI Investments LLC raised its stake in NNN REIT by 100.6% in the 2nd quarter. LRI Investments LLC now owns 1,613 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 809 shares during the last quarter. Farther Finance Advisors LLC raised its stake in NNN REIT by 14.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,264 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 280 shares during the last quarter. GAMMA Investing LLC raised its stake in NNN REIT by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,881 shares of the real estate investment trust's stock worth $140,000 after acquiring an additional 553 shares during the last quarter. DGS Capital Management LLC purchased a new position in NNN REIT in the 3rd quarter worth $236,000. Finally, Pathway Financial Advisers LLC raised its stake in NNN REIT by 32.9% in the 2nd quarter. Pathway Financial Advisers LLC now owns 5,709 shares of the real estate investment trust's stock worth $243,000 after acquiring an additional 1,414 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.
About NNN REIT
(
Get Free Report)
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
