NETSTREIT (NTST) to Release Quarterly Earnings on Monday

NETSTREIT (NYSE:NTST) is set to announce its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

NETSTREIT Price Performance

Shares of NTST opened at $17.06 on Monday. The firm has a market capitalization of $1.25 billion, a PE ratio of 155.11, a price-to-earnings-growth ratio of 3.55 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.25 and a quick ratio of 3.25. The company’s fifty day moving average price is $17.28 and its 200-day moving average price is $16.81. NETSTREIT has a 1-year low of $13.49 and a 1-year high of $18.97.

NETSTREIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.82 annualized dividend and a yield of 4.81%. NETSTREIT’s payout ratio is presently 745.52%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wolfe Research raised NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Tuesday, January 2nd. KeyCorp upgraded shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. Finally, Mizuho increased their price objective on shares of NETSTREIT from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.11.

Institutional Investors Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in NETSTREIT by 65.2% during the third quarter. BlackRock Inc. now owns 5,815,168 shares of the company’s stock worth $103,569,000 after buying an additional 2,295,659 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of NETSTREIT by 196.4% during the 1st quarter. Prudential Financial Inc. now owns 2,074,836 shares of the company’s stock worth $46,560,000 after acquiring an additional 1,374,842 shares in the last quarter. State Street Corp boosted its stake in shares of NETSTREIT by 90.0% during the 3rd quarter. State Street Corp now owns 2,417,987 shares of the company’s stock worth $43,064,000 after acquiring an additional 1,145,367 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of NETSTREIT during the 1st quarter valued at about $17,604,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of NETSTREIT by 542.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 854,986 shares of the company’s stock valued at $19,186,000 after purchasing an additional 721,990 shares in the last quarter.

NETSTREIT Company Profile

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.