Barclays Reaffirms Their Sell Rating on NNN REIT (NNN)
Barclays analyst Richard Hightower maintained a Sell rating on NNN REIT today and set a price target of $43.00.
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Hightower covers the Real Estate sector, focusing on stocks such as Gaming and Leisure, Diamondrock, and Agree Realty. According to TipRanks, Hightower has an average return of -1.4% and a 41.34% success rate on recommended stocks.
Currently, the analyst consensus on NNN REIT is a Hold with an average price target of $45.55.
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 43 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. Earlier this month, Stephen Horn, the President & CEO of NNN sold 33,192.00 shares for a total of $1,492,976.16.
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