NETSTREIT (NTST) to Release Earnings on Monday

NETSTREIT (NYSE:NTST - Get Free Report) will be posting 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 that are interested in registering for the company's earnings conference call can do so using this link.

NETSTREIT (NYSE:NTST - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.33). The firm had revenue of $39.57 million for the quarter, compared to analysts' expectations of $39.31 million. NETSTREIT had a net margin of 3.32% and a return on equity of 0.39%. During the same quarter last year, the firm earned $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 Price Performance

Shares of NTST traded up $0.14 during mid-day trading on Monday, reaching $15.77. 868,808 shares of the stock traded hands, compared to its average volume of 1,006,780. The firm has a fifty day moving average price of $16.44 and a 200 day moving average price of $16.68. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 225.29 and a beta of 0.96. The company has a current ratio of 4.08, a quick ratio of 4.08 and a debt-to-equity ratio of 0.55. NETSTREIT has a 1 year low of $13.81 and a 1 year high of $18.97.

Analysts Set New Price Targets

NTST has been the subject of several analyst reports. Scotiabank cut their price target 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. Wedbush initiated coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a "neutral" rating and a $17.00 price target for the company. Raymond James upgraded shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and cut their price target for the company from $20.00 to $19.00 in a research report on Wednesday, August 21st. Finally, UBS Group initiated coverage on shares of NETSTREIT in a research report on Monday, October 14th. They set a "buy" rating and a $19.00 price target for the company. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NETSTREIT has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.

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.