NNN REIT CEO Sells Shares: Is This a Sign of Concern?

Stephen A. Horn Jr., President and CEO of NNN REIT Inc (NNN), recently sold 28,192 shares of the company, a move that has piqued the interest of investors. Following this transaction, Horn now owns 557,451 shares of NNN REIT Inc. NNN REIT Inc is a real estate investment trust (REIT) that primarily invests in high-quality properties leased for long-term periods. The sale, valued at approximately $1,313,726.64, has raised questions about the CEO’s confidence in the company’s future. This sale comes after a pattern of insider selling over the past year, with no purchases recorded. Investors are now scrutinizing NNN REIT Inc’s performance in light of these events and its current market valuation metrics.