NNN Stock Summary and Trading Ideas (NNN REIT | NYSE:NNN)

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 January 3, 2025, NNN stock price climbed to $40.38 with 635,279 million shares trading.

NNN has a beta of 0.17, meaning it tends to be less sensitive to market movements. NNN has a correlation of 0.01 to the broad based SPY ETF.

NNN has a market cap of $7.57 billion. This is considered a Mid Cap stock.

Last quarter NNN REIT reported $219 million in Revenue and $.84 earnings per share. This beat revenue expectation by $2 million and met earnings estimates .

In the last 3 years, NNN traded as high as $49.57 and as low as $34.38.

The top ETF exchange traded funds that NNN belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.

NNN has underperformed the market in the last year with a price return of +0.1% while the SPY ETF gained +27.8%. NNN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.3% and +0.1%, respectively, while the SPY returned +4.6% and +0.1%, respectively.

NNN support price is $39.63 and resistance is $40.59 (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 shares will trade within this expected range on the day.