NETSTREIT (NYSE:NTST) Issues FY 2024 Earnings Guidance

NETSTREIT (NYSE:NTST) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 1.250-1.280 for the period, compared to the consensus EPS estimate of 1.210. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. KeyCorp upgraded shares of NETSTREIT from an underweight rating to a sector weight rating in a research note on Thursday, February 1st. Wolfe Research raised shares of NETSTREIT from a peer perform rating to an outperform rating and set a $22.00 price objective for the company in a report on Tuesday, January 2nd. Finally, Mizuho raised their price target on shares of NETSTREIT from $18.00 to $19.00 and gave the company a buy rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, NETSTREIT currently has a consensus rating of Moderate Buy and an average target price of $18.11.

NETSTREIT Price Performance

Shares of NYSE NTST traded up $0.28 during mid-day trading on Monday, reaching $17.28. 789,990 shares of the company were exchanged, compared to its average volume of 1,115,780. NETSTREIT has a 52 week low of $13.49 and a 52 week high of $18.97. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.27 billion, a PE ratio of 154.56, a PEG ratio of 3.54 and a beta of 0.97. The company’s 50 day moving average price is $17.28 and its 200 day moving average price is $16.88.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Thursday, March 14th. NETSTREIT’s payout ratio is presently 745.52%.

NETSTREIT Company Profile

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.