28-Mar-2024
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Independence Realty Trust Appoints Craig Macnab to its Board of Directors
Business Wire (Fri, 1-Mar 7:55 AM ET)
2023 ANNUAL RESULTS AND 2024 GUIDANCE ANNOUNCED BY NNN REIT, INC.
PRNewswire (Thu, 8-Feb 8:30 AM ET)
Common Dividend Declared by NNN REIT, Inc.
PRNewswire (Tue, 16-Jan 8:30 AM ET)
NNN REIT, Inc. Announces 2023 Dividend Tax Status
PRNewswire (Fri, 12-Jan 4:15 PM ET)
NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue, followed by automotive services, entertainment venues, and others. maximum of the company's properties are located in the South and Southeast of the United States.
NNN REIT trades on the NYSE stock market under the symbol NNN.
As of March 28, 2024, NNN stock price climbed to $42.74 with 1,000,869 million shares trading.
NNN has a beta of 1.15, meaning it tends to be more sensitive to market movements. NNN has a correlation of 0.39 to the broad based SPY ETF.
NNN has a market cap of $7.82 billion. This is considered a Mid Cap stock.
In the last 3 years, NNN stock traded as high as $50.33 and as low as $34.38.
The top ETF exchange traded funds that NNN belongs to (by Net Assets): VNQ, IJH, VTI, VB, VBR.
NNN has underperformed the market in the last year with a return of +7.4%, while the SPY ETF gained +33.6%. In the last 3 month period, NNN fell short of the market, returning +0.6%, while SPY returned +10.1%. However, in the most recent 2 weeks NNN has outperformed the stock market by returning +2.4%, while SPY returned +1.7%.
NNN support price is $42.07 and resistance is $43.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NNN stock will trade within this expected range on the day.