NETSTREIT (NTST) Set to Announce Quarterly Earnings on Monday

NETSTREIT (NYSE:NTST) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect NETSTREIT to post earnings of $0.30 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

NETSTREIT (NYSE:NTST) last announced its earnings results on Monday, July 29th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.33). NETSTREIT had a return on equity of 0.39% and a net margin of 3.32%. The business had revenue of $39.57 million for the quarter, compared to the consensus estimate of $39.31 million. During the same period in the prior year, the business posted $0.30 earnings per share. On average, analysts expect NETSTREIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NETSTREIT Stock Down 1.8 %

Shares of NYSE NTST opened at $15.63 on Monday. The stock’s fifty day moving average is $16.44 and its 200 day moving average is $16.68. NETSTREIT has a 52 week low of $13.49 and a 52 week high of $18.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.08 and a current ratio of 4.08. The stock has a market capitalization of $1.15 billion, a P/E ratio of 173.67 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTST. Scotiabank lowered their price objective on shares of NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the stock from $20.00 to $19.00 in a research report on Wednesday, August 21st. UBS Group began coverage on NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Wedbush assumed coverage on shares of NETSTREIT in a report on Monday, August 19th. They set a “neutral” rating and a $17.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NETSTREIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

About NETSTREIT

NETSTREIT Corp. 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.