On August 6, 2024, Michelle Miller, Executive Vice President, Chief Accounting & Tech Officer of NNN REIT Inc (NYSE:NNN), sold 4,000 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 69,756 shares of NNN REIT Inc.
NNN REIT Inc. is a real estate investment trust primarily engaged in the acquisition, ownership and management of retail properties for individual tenants in the United States.
Over the past year, Michelle Miller has sold a total of 5,250 shares and purchased no shares. This latest transaction follows a pattern observed in NNN REIT Inc.’s insider transaction history, which shows no insider purchases and four insider sales over the past year.
NNN REIT Inc. shares were trading at $46.88 on the day of the sale. The company has a market capitalization of around $8.54 billion. The stock’s price-to-earnings ratio is 20.95, which is higher than the industry average of 16.82.
The stock is considered fairly valued according to GF Value, with a price-GF Value ratio of 0.99. The GF Value of USD 47.29 is calculated based on historical trading multiples, an adjustment factor from GuruFocus and estimates of future business development.
This insider sale could be of interest to investors who track changes in ownership and evaluate the stock’s current valuation metrics, such as the price-to-sales ratio, the price-to-book ratio and the price-to-free cash flow ratio.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
