NETSTREIT (NYSE:NTST – Get Free Report) released its earnings results on Monday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.33), Zacks reports. NETSTREIT had a return on equity of 0.52% and a net margin of 4.57%. The company had revenue of $39.57 million during the quarter, compared to the consensus estimate of $39.31 million. During the same period last year, the firm posted $0.30 earnings per share. NETSTREIT updated its FY24 guidance to $1.25-1.28 EPS and its FY 2024 guidance to 1.250-1.280 EPS.
NETSTREIT Price Performance
NYSE NTST opened at $16.79 on Tuesday. NETSTREIT has a one year low of $13.49 and a one year high of $18.97. The stock has a 50-day moving average of $16.84 and a 200 day moving average of $17.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.30 and a current ratio of 4.30. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 186.58, a PEG ratio of 10.33 and a beta of 0.97.
Insiders Place Their Bets
In other news, Director Todd Minnis sold 6,250 shares of NETSTREIT stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $17.86, for a total value of $111,625.00. Following the completion of the sale, the director now directly owns 10,359 shares in the company, valued at $185,011.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on NTST
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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