NNN REIT (NYSE:NNN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of NNN REIT, Inc. (NYSE:NNN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.02 and traded as high as $45.74. NNN REIT shares last traded at $45.2350, with a volume of 1,286,660 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BNP Paribas Exane upped their price objective on NNN REIT from $43.00 to $44.00 and gave the company a “strong sell” rating in a research report on Thursday, February 12th. Raymond James Financial restated a “market perform” rating on shares of NNN REIT in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NNN REIT in a report on Thursday, January 22nd. Evercore dropped their price target on shares of NNN REIT from $44.00 to $43.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Finally, Stifel Nicolaus set a $48.50 price objective on shares of NNN REIT in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, NNN REIT presently has a consensus rating of “Reduce” and a consensus price target of $44.83.

NNN REIT Stock Down 1.4%

The company has a fifty day moving average price of $43.48 and a 200-day moving average price of $42.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $8.44 billion, a PE ratio of 21.47, a PEG ratio of 7.11 and a beta of 0.83.

NNN REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.40 annualized dividend and a dividend yield of 5.4%. NNN REIT’s dividend payout ratio is currently 115.94%.

Insider Buying and Selling

In related news, EVP Jonathan Adamo sold 6,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $44.99, for a total value of $269,940.00. Following the transaction, the executive vice president owned 126,358 shares of the company’s stock, valued at $5,684,846.42. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen A. Horn, Jr. sold 33,192 shares of NNN REIT stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $44.98, for a total value of $1,492,976.16. Following the completion of the sale, the chief executive officer owned 822,711 shares of the company’s stock, valued at $37,005,540.78. The trade was a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.82% of the company’s stock.

Institutional Trading of NNN REIT

Institutional investors have recently bought and sold shares of the stock. Quent Capital LLC purchased a new stake in NNN REIT during the 3rd quarter worth approximately $51,000. Ameriflex Group Inc. grew its position in shares of NNN REIT by 1,266.1% in the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 2,165 shares in the last quarter. Rothschild Investment LLC lifted its position in NNN REIT by 1,066.9% during the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 3,905 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in NNN REIT in the 4th quarter valued at $187,000. Finally, Bayforest Capital Ltd boosted its position in shares of NNN REIT by 705.2% during the 3rd quarter. Bayforest Capital Ltd now owns 4,525 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 3,963 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

NNN REIT Company Profile

NNN REIT (NYSE: NNN), formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.