NETSTREIT (NYSE:NTST) Releases FY 2024 Earnings Guidance

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

NETSTREIT Price Performance

NYSE:NTST opened at $17.01 on Thursday. The firm’s fifty day moving average price is $17.27 and its two-hundred day moving average price is $16.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.30 and a quick ratio of 3.25. The company has a market cap of $1.25 billion, a P/E ratio of 189.02, a P/E/G ratio of 3.51 and a beta of 0.99. NETSTREIT has a one year low of $13.49 and a one year high of $18.97.

NETSTREIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a $0.205 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.82%. NETSTREIT’s payout ratio is 911.21%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho increased their price target on shares of NETSTREIT from $18.00 to $19.00 and gave the stock a buy rating in a research report on Thursday, March 7th. KeyCorp raised shares of NETSTREIT from an underweight rating to a sector weight rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $18.11.

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.