Zacks: Brokerages Anticipate NetSTREIT Corp. (NYSE:NTST) to Post $0.19 Earnings Per Share


Share on StockTwits

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 research firms have commented on NTST. Truist reduced their target price on NetSTREIT from $23.00 to $22.00 in a report on Friday, December 11th. KeyCorp began coverage on NetSTREIT in a report on Friday, October 16th. They set an “overweight” rating and a $21.00 target price on the stock. Zacks Investment Research downgraded NetSTREIT from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 5th. Scotiabank initiated coverage on NetSTREIT in a report on Thursday, January 7th. They set an “outperform” rating and a $21.00 target price on the stock. Finally, Berenberg Bank initiated coverage on NetSTREIT in a research report on Wednesday, October 21st. They set a “buy” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. NetSTREIT presently has an average rating of “Buy” and an average target price of $21.25.

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.

See Also: 52-Week High/Low

Get a free copy of the Zacks research report on NetSTREIT (NTST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NetSTREIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetSTREIT and related companies with MarketBeat.com's FREE daily email newsletter.