NETSTREIT (NYSE:NTST – Get Free Report) 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 -.
Wall Street Analyst Weigh In
A number of analysts have commented on NTST shares. Mizuho boosted their target price on NETSTREIT from $18.00 to $19.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Wolfe Research upgraded NETSTREIT from a peer perform rating to an outperform rating and set a $22.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, KeyCorp upgraded NETSTREIT from an underweight rating to a sector weight rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NETSTREIT currently has a consensus rating of Moderate Buy and an average target price of $18.11.
View Our Latest Report on NETSTREIT
NETSTREIT Trading Up 0.8 %
NETSTREIT Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be paid a $0.205 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.83%. NETSTREIT’s dividend payout ratio (DPR) is currently 911.21%.
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.
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