Streetbeat News

NTST

NETSTREIT Corp.

https://www.netstreit.com

Industry

REIT - Retail

NETSTREIT 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. Led by a management team of seasoned commercial real estate executives, NETSTREIT's strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.

Open

15.87

Mkt cap

1.3B

Volume

1.2M

High

16.24

P/E Ratio

-269.00

52-wk high

18.97

Low

15.77

Div yield

0.05

52-wk low

14.92

Scotiabank analyst Nicholas Yulico maintains a Sector Perform rating on Netstreit (NYSE:NTST) but lowers the price target from $18 to $16.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:57 pm

NETSTREIT has maintained its 2024 AFFO per share guidance range of $1.25 - $1.28, which is above the estimated $1.23. The company also expects cash G&A expenses to be between $13.5 million and $14.5 million, excluding transaction costs and severance payments.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:28 pm

Netstreit (NYSE:NTST) reported Q2 2024 earnings per share of $0.32, beating the analyst estimate of $0.30. The company also reported sales of $39.567 million, surpassing the $37.601 million estimate and marking a 25.09% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:12 pm

The article highlights three high-dividend-yielding real estate stocks recommended by top analysts: Agree Realty Corporation (ADC), CubeSmart (CUBE), and NETSTREIT Corp. (NTST). Analysts have provided ratings and price targets for these stocks, and recent news events are also mentioned.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 11:26 am

Scotiabank analyst Nicholas Yulico maintains a Sector Perform rating on Netstreit (NYSE:NTST) and raises the price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:48 pm

NETSTREIT has updated its 2024 AFFO (Adjusted Funds From Operations) per share guidance, raising the lower end of its forecast from $1.24 to $1.25, while maintaining the upper end at $1.28. This revision surpasses the estimated $1.21, indicating a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:40 pm

Netstreit (NTST) reported Q1 2024 FFO of $0.31 per share, surpassing the $0.29 estimate, with sales of $37.673M exceeding the $36.982M forecast, marking a 27.91% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:19 pm

Netstreit (NYSE:NTST) has received mixed analyst ratings over the past three months, with a recent positive shift in sentiment. Four analysts have provided ratings, with a consensus 12-month price target of $18.00, up 16.13% from the previous $15.50. The ratings range from 'Buy' to 'Underweight', reflecting diverse perspectives. Netstreit, a real estate investment trust, has shown notable revenue growth of 30.94% as of December 31, 2023, but struggles with below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:00 pm

Mizuho analyst Haendel St. Juste maintains a Buy rating on Netstreit (NTST) and raises the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:51 am

Netstreit (NTST) reported Q4 2023 FFO of $0.31 per share, surpassing the $0.30 estimate, and sales of $36.86M, exceeding the $33.94M estimate. This represents a 35.03% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:23 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.