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%.
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.
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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