Stocks of Netstreit Corp (NYSE:NTST) traded higher last session on Wall Street, down -0.81% to $17.24.
NTST stock price is now -0.86% away from the 50-day moving average and 2.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.26B.
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On January 02, 2024, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $22, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Minnis Todd, Director sold 6,250 shares of the company’s stock on May 16 ’24. The stock was sold for $111,625 at an average price of $17.86. Upon completion of the transaction, the Director now directly owns 10,359 shares in the company, valued at $0.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’23, CFO and Treasurer Donlan Daniel P bought 1,300 shares of the business’s stock. A total of $21,996 was incurred on buying the stock at an average price of $16.92. This leaves the insider owning 2,600 shares of the company worth $44824.0. A total of 0.48% of the company’s stock is owned by insiders.
During the past 12 months, Netstreit Corp has had a low of $13.49 and a high of $18.97. According to the stock market information, the enterprise value for the company is $1938758272, which is based on a 189.04 price-to-earnings ratio, a 25.55 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for NTST is $17.396 and a two-hundred day moving average price translates $16.85005 for the stock.
The latest earnings results from Netstreit Corp (NYSE: NTST) was released for 2024-03-31. According to the REIT – Retail Company, earnings per share came in at -0.01, missing analysts’ expectations of 0.03 by -0.04. This compares to $0.03 EPS in the same period last year. The net profit margin was 4.55% and return on equity was 0.55% for NTST. The company reported revenue of $37.67 million for the quarter, compared to $29.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.91 percent. For the current quarter, analysts expect NTST to generate $36.77M in revenue.
