NETSTREIT (NYSE:NTST) Updates FY 2024 Earnings Guidance

NETSTREIT (NYSE:NTSTGet Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.260-1.270 for the period, compared to the consensus earnings per share estimate of 1.240. The company issued revenue guidance of -.

NETSTREIT Stock Performance

NETSTREIT stock traded down $0.19 during mid-day trading on Monday, reaching $15.09. The company had a trading volume of 1,149,193 shares, compared to its average volume of 1,003,542. NETSTREIT has a 52 week low of $14.92 and a 52 week high of $18.97. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 215.57 and a beta of 0.97. The company has a 50 day moving average of $16.30 and a 200-day moving average of $16.63. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 0.55.

Analysts Set New Price Targets

A number of brokerages have issued reports on NTST. Scotiabank reduced their price objective on shares of NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Wedbush started coverage on NETSTREIT in a research report on Monday, August 19th. They set a “neutral” rating and a $17.00 price target on the stock. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Finally, UBS Group started coverage on NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Check Out Our Latest Research Report on NETSTREIT

NETSTREIT Company Profile

(Get Free Report)

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.

Further Reading

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