NETSTREIT (NYSE:NTST – Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.33), Zacks reports. NETSTREIT had a return on equity of 0.39% and a net margin of 3.32%. The business had revenue of $39.57 million during the quarter, compared to analysts’ expectations of $39.31 million. During the same quarter in the previous year, the company posted $0.30 EPS. NETSTREIT updated its FY24 guidance to $1.25-1.28 EPS and its FY 2024 guidance to 1.250-1.280 EPS.
NETSTREIT Stock Down 2.4 %
NYSE:NTST traded down $0.40 during trading hours on Wednesday, hitting $16.47. The company’s stock had a trading volume of 928,328 shares, compared to its average volume of 943,043. NETSTREIT has a 52-week low of $13.49 and a 52-week high of $18.97. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.21 billion, a P/E ratio of 187.47, a price-to-earnings-growth ratio of 10.26 and a beta of 0.97. The stock has a fifty day moving average of $16.82 and a 200-day moving average of $17.28.
NETSTREIT Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a $0.21 dividend. This is a boost from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 annualized dividend and a yield of 5.10%. NETSTREIT’s dividend payout ratio (DPR) is 911.21%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on NETSTREIT
Insiders Place Their Bets
In related news, Director Todd Minnis sold 6,250 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $17.86, for a total value of $111,625.00. Following the transaction, the director now owns 10,359 shares in the company, valued at approximately $185,011.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.
About NETSTREIT
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.
See Also
- Five stocks we like better than NETSTREIT
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Best Aerospace Stocks Investing
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for NETSTREIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETSTREIT and related companies with MarketBeat.com's FREE daily email newsletter.