Let’s look at the key reasons that are pushing NNN REIT Inc (NNN) to new highs

NNN REIT Inc (NYSE: NNN) on Tuesday, plunged -1.62% from the previous trading day, before settling in for the closing price of $40.02. Within the past 52 weeks, NNN’s price has moved between $34.38 and $44.96.

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During the last 5-year period, the sales growth of Real Estate Sector giant was 5.94%. The company achieved an average annual earnings per share of -8.80%. With a float of $181.00 million, this company’s outstanding shares have now reached $182.47 million.

Let’s determine the extent of company efficiency that accounts for 82 employees.

NNN REIT Inc (NNN) Breakdown of a Key Holders of the stock

Observing investor behavior towards REIT – Retail industry stocks is more important than anything else. The insider ownership of NNN REIT Inc is 0.81%, while institutional ownership is 91.91%. The most recent insider transaction that took place on Dec 13 ’23, was worth 1,586,277. In this transaction EVP of this company sold 38,056 shares at a rate of $41.68, taking the stock ownership to the 140,539 shares. Before that another transaction happened on Nov 27 ’23, when Company’s EVP, Portfolio Operations sold 4,000 for $39.85, making the entire transaction worth $159,400. This insider now owns 56,450 shares in total.

NNN REIT Inc (NNN) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -8.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.79% during the next five years compared to 5.52% growth over the previous five years of trading.

NNN REIT Inc (NYSE: NNN) Trading Performance Indicators

NNN REIT Inc (NNN) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.67. Likewise, its price to free cash flow for the trailing twelve months is 11.73.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.16, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 2.04 in one year’s time.

Technical Analysis of NNN REIT Inc (NNN)

Looking closely at NNN REIT Inc (NYSE: NNN), its last 5-days average volume was 0.88 million, which is a drop from its year-to-date volume of 1.41 million. As of the previous 9 days, the stock’s Stochastic %D was 8.83%. Additionally, its Average True Range was 0.77.

During the past 100 days, NNN REIT Inc’s (NNN) raw stochastic average was set at 12.83%, which indicates a significant increase from 0.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.55% in the past 14 days, which was higher than the 19.17% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $41.27, while its 200-day Moving Average is $40.21. However, in the short run, NNN REIT Inc’s stock first resistance to watch stands at $39.71. Second resistance stands at $40.06. The third major resistance level sits at $40.24. If the price goes on to break the first support level at $39.19, it is likely to go to the next support level at $39.01. Now, if the price goes above the second support level, the third support stands at $38.66.

NNN REIT Inc (NYSE: NNN) Key Stats

Market capitalization of the company is 7.18 billion based on 182,850K outstanding shares. Right now, sales total 828,110 K and income totals 392,340 K. The company made 216,230 K in profit during its latest quarter, and 96,680 K in sales during its previous quarter.