NETSTREIT (NYSE:NTST - Get 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
Shares of NYSE NTST traded down $0.19 during midday trading on Monday, hitting $15.09. 1,149,278 shares of the company's stock were exchanged, compared to its average volume of 1,003,542. NETSTREIT has a twelve month low of $14.92 and a twelve month high of $18.97. The firm has a market cap of $1.17 billion, a P/E ratio of 218.29 and a beta of 0.97. The stock's 50 day moving average price is $16.34 and its 200-day moving average price is $16.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.08 and a quick ratio of 4.08.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on NTST shares. Raymond James raised NETSTREIT from an "outperform" rating to a "strong-buy" rating and decreased their price target for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank lowered their target price 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 initiated coverage on shares of NETSTREIT in a research note on Monday, August 19th. They issued a "neutral" rating and a $17.00 price target for the company. Finally, UBS Group assumed coverage on shares of NETSTREIT in a research note on Monday, October 14th. They set a "buy" rating and a $19.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.00.
Read Our Latest Report on NETSTREIT
About NETSTREIT
(
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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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