NETSTREIT (NYSE:NTST – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. NETSTREIT has set its FY 2022 guidance at $1.130-$1.170 EPS.Parties interested in listening to the company’s conference call can do so using this link.
NETSTREIT (NYSE:NTST – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). NETSTREIT had a return on equity of 0.45% and a net margin of 5.15%. During the same quarter in the previous year, the company posted $0.20 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.
Shares of NYSE:NTST opened at $23.29 on Thursday. The company has a market capitalization of $1.04 billion, a PE ratio of 332.71, a P/E/G ratio of 1.70 and a beta of 1.07. 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 twelve month low of $20.41 and a twelve month high of $26.92. The firm has a 50 day simple moving average of $22.18 and a 200-day simple moving average of $22.60.
Separately, Zacks Investment Research downgraded shares of NETSTREIT from a “hold” rating to a “sell” rating in a research report on Saturday, April 9th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.00.
In other news, Director Robin Mcbride Zeigler sold 1,563 shares of NETSTREIT stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $21.36, for a total value of $33,385.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of NETSTREIT by 47.2% in the 2nd quarter. Royal Bank of Canada now owns 7,187 shares of the company’s stock valued at $166,000 after acquiring an additional 2,304 shares during the period. Citadel Advisors LLC acquired a new position in shares of NETSTREIT in the 3rd quarter valued at $270,000. Jane Street Group LLC acquired a new position in shares of NETSTREIT in the 3rd quarter valued at $298,000. Squarepoint Ops LLC acquired a new position in shares of NETSTREIT in the 4th quarter valued at $295,000. Finally, Wells Fargo & Company MN increased its holdings in shares of NETSTREIT by 55.4% in the 4th quarter. Wells Fargo & Company MN now owns 31,676 shares of the company’s stock valued at $725,000 after acquiring an additional 11,295 shares during the period.
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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