P/E Ratio Insights for NNN REIT
Portfolio Pulse from Benzinga Insights
NNN REIT Inc. (NYSE:NNN) is trading at $46.36, with a 0.50% increase in the current session. Over the past month, the stock rose by 2.44%, and by 18.77% over the past year. Its P/E ratio of 20.78 is lower than the Retail REITs industry average of 163.95, suggesting potential undervaluation or lower growth expectations.
August 23, 2024 | 6:45 pm
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NNN REIT Inc. is trading at $46.36, with a 0.50% increase today. Its P/E ratio of 20.78 is significantly lower than the industry average of 163.95, which could indicate undervaluation or lower growth expectations.
The article discusses NNN REIT's current stock performance and its P/E ratio compared to the industry average. The lower P/E ratio could suggest undervaluation or lower growth expectations, but the article advises using the P/E ratio alongside other metrics for a comprehensive analysis.
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