$19.12 Million in Sales Expected for NETSTREIT Corp. (NYSE:NTST) This Quarter

Brokerages expect NETSTREIT Corp. (NYSE:NTSTGet Rating) to post $19.12 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for NETSTREIT’s earnings. The highest sales estimate is $20.90 million and the lowest is $17.83 million. NETSTREIT posted sales of $11.93 million in the same quarter last year, which suggests a positive year over year growth rate of 60.3%. The firm is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that NETSTREIT will report full year sales of $83.48 million for the current year, with estimates ranging from $71.41 million to $100.10 million. For the next year, analysts anticipate that the business will report sales of $103.94 million, with estimates ranging from $71.69 million to $146.60 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover NETSTREIT.

NETSTREIT (NYSE:NTSTGet Rating) last released its earnings results on Thursday, February 24th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.19). NETSTREIT had a net margin of 5.15% and a return on equity of 0.45%. During the same quarter in the prior year, the business earned $0.20 earnings per share.

Separately, Zacks Investment Research lowered shares of NETSTREIT from a “hold” rating to a “sell” rating in a research note on Saturday, April 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NETSTREIT presently has a consensus rating of “Buy” and an average target price of $28.00.

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 1,563 shares of the stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $21.36, for a total value of $33,385.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in NTST. Voya Investment Management LLC grew its stake in shares of NETSTREIT by 4.3% during the 3rd quarter. Voya Investment Management LLC now owns 15,232 shares of the company’s stock valued at $360,000 after acquiring an additional 634 shares during the period. Daiwa Securities Group Inc. boosted its stake in NETSTREIT by 9.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,244 shares of the company’s stock worth $257,000 after purchasing an additional 1,011 shares during the period. California State Teachers Retirement System raised its holdings in shares of NETSTREIT by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 54,830 shares of the company’s stock worth $1,256,000 after acquiring an additional 1,054 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in NETSTREIT by 12.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 13,889 shares of the company’s stock valued at $328,000 after buying an additional 1,565 shares during the period. Finally, Credit Suisse AG raised its holdings in NETSTREIT by 6.6% during the 4th quarter. Credit Suisse AG now owns 32,310 shares of the company’s stock valued at $740,000 after buying an additional 2,003 shares during the period.

NTST opened at $23.21 on Wednesday. The firm has a 50 day moving average of $22.15. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.30. NETSTREIT has a 1-year low of $20.41 and a 1-year high of $26.92. The firm has a market cap of $1.03 billion, a P/E ratio of 331.57, a P/E/G ratio of 1.70 and a beta of 1.07.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 30th. Investors of record on Tuesday, March 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Monday, March 14th. NETSTREIT’s payout ratio is 1,142.86%.

NETSTREIT Company Profile (Get Rating)

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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