Wall Street brokerages expect NetSTREIT Corp. (NYSE:NTST) to post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for NetSTREIT’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. The business is expected to report its next earnings results on Thursday, February 4th.
According to Zacks, analysts expect that NetSTREIT will report full-year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.63 to $0.69. For the next financial year, analysts expect that the company will report earnings of $1.06 per share, with EPS estimates ranging from $0.99 to $1.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover NetSTREIT.
NetSTREIT (NYSE:NTST) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.27).
A number of institutional investors and hedge funds have recently bought and sold shares of NTST. Strs Ohio acquired a new stake in NetSTREIT in the 3rd quarter valued at approximately $56,000. State of Alaska Department of Revenue acquired a new stake in NetSTREIT in the 4th quarter valued at approximately $73,000. JPMorgan Chase & Co. acquired a new stake in NetSTREIT in the 3rd quarter valued at approximately $108,000. American International Group Inc. acquired a new stake in NetSTREIT in the 3rd quarter valued at approximately $131,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in NetSTREIT in the 3rd quarter valued at approximately $264,000. Hedge funds and other institutional investors own 7.51% of the company’s stock.
NYSE:NTST opened at $17.04 on Thursday. The business’s 50 day moving average is $18.66 and its two-hundred day moving average is $18.47. NetSTREIT has a 52 week low of $16.75 and a 52 week high of $19.82.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st were given a $0.20 dividend. This is a boost from NetSTREIT’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Monday, November 30th.
NetSTREIT Company Profile
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.
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