Barclays Sticks to Their Sell Rating for NNN REIT (NNN)
In a report released today, Richard Hightower from Barclays maintained a Sell rating on NNN REIT, with a price target of $45.00.
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According to TipRanks, Hightower is an analyst with an average return of -0.8% and a 46.07% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Gaming and Leisure, Realty Income, and Simon Property.
NNN REIT has an analyst consensus of Hold, with a price target consensus of $45.19.
Based on NNN REIT’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $238.4 million and a net profit of $95.95 million. In comparison, last year the company earned a revenue of $218.48 million and had a net profit of $97.89 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NNN in relation to earlier this year. Last month, Stephen Horn, the President & CEO of NNN sold 33,192.00 shares for a total of $1,492,976.16.
