The Necessity Retail REIT stock is trading -32.21% below its average target price of $9.5 after marking a 2.4% during today's morning session. Analysts are giving the small-cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $8.0 to $11.0 per share.
The Necessity Retail REIT's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.3%. The stock's short ratio is 4.13. At 0.53%, the company's rate of insider ownership does not indicate that management is deeply invested in the company.
Another number to watch is the company's rate of institutional share ownership, which now stands at 58.9%. In conclusion, we believe there is mixed market sentiment regarding The Necessity Retail REIT.
Institutions Invested in The Necessity Retail REIT
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 15% | 19,621,514 | $126,362,551 |
| 2023-03-31 | Blackrock Inc. | 9% | 12,601,664 | $81,154,716 |
| 2023-03-31 | State Street Corporation | 5% | 6,865,934 | $44,216,615 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 3,012,218 | $19,398,684 |
| 2023-03-31 | Lsv Asset Management | 2% | 2,751,899 | $17,722,229 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 2% | 2,503,831 | $16,124,671 |
| 2023-03-31 | Invesco Ltd. | 2% | 2,422,670 | $15,601,994 |
| 2023-03-31 | AQR Capital Management, LLC | 1% | 1,989,231 | $12,810,647 |
| 2023-03-31 | Dimensional Fund Advisors LP | 1% | 1,661,327 | $10,698,945 |
| 2023-03-31 | Northern Trust Corporation | 1% | 1,451,139 | $9,345,335 |
