Brokerages Expect NETSTREIT Corp. (NYSE:NTST) to Post $0.26 EPS

Equities analysts expect that NETSTREIT Corp. (NYSE:NTST) will post earnings per share (EPS) of $0.26 for the current quarter, according to Zacks. Four analysts have made estimates for NETSTREIT’s earnings, with estimates ranging from $0.25 to $0.26. NETSTREIT posted earnings per share of $0.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.8%. The firm is scheduled to issue its next earnings results on Thursday, November 4th.

On average, analysts expect that NETSTREIT will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.95 to $0.98. For the next year, analysts expect that the business will post earnings of $1.20 per share, with EPS estimates ranging from $1.19 to $1.22. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for NETSTREIT.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Wednesday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.26). NETSTREIT had a net margin of 1.27% and a return on equity of 0.10%.

A number of equities analysts have weighed in on NTST shares. Wolfe Research began coverage on shares of NETSTREIT in a research report on Monday, June 14th. They set an “outperform” rating for the company. Truist raised their price objective on shares of NETSTREIT from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, August 23rd. BTIG Research lifted their price target on NETSTREIT from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, August 17th. KeyCorp raised their target price on NETSTREIT from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 15th. Finally, Wells Fargo & Company upped their price target on NETSTREIT from $26.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, September 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $27.00.

Shares of NTST stock traded up $0.38 on Friday, hitting $25.50. 780 shares of the stock were exchanged, compared to its average volume of 357,925. The firm’s 50 day moving average is $25.57 and its two-hundred day moving average is $22.57. NETSTREIT has a one year low of $16.63 and a one year high of $26.92. The firm has a market capitalization of $1.01 billion and a PE ratio of -2,512.00. The company has a current ratio of 13.09, a quick ratio of 13.09 and a debt-to-equity ratio of 0.25.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Tuesday, August 31st. NETSTREIT’s payout ratio is 115.94%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new stake in NETSTREIT in the first quarter worth approximately $36,000. Citigroup Inc. raised its stake in shares of NETSTREIT by 84.9% during the second quarter. Citigroup Inc. now owns 2,714 shares of the company’s stock worth $63,000 after acquiring an additional 1,246 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of NETSTREIT by 72.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,112 shares of the company’s stock worth $72,000 after acquiring an additional 1,307 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of NETSTREIT by 85.9% in the 1st quarter. Panagora Asset Management Inc. now owns 4,743 shares of the company’s stock valued at $88,000 after purchasing an additional 2,191 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of NETSTREIT by 26.1% during the 1st quarter. Royal Bank of Canada now owns 4,883 shares of the company’s stock valued at $89,000 after purchasing an additional 1,012 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.

About NETSTREIT

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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Earnings History and Estimates for NETSTREIT (NYSE:NTST)

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