NETSTREIT (NTST) to Release Earnings on Wednesday

NETSTREIT (NYSE:NTSTGet Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect NETSTREIT to post earnings of $0.28 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

NETSTREIT Price Performance

Shares of NYSE:NTST opened at $17.34 on Tuesday. The business has a fifty day simple moving average of $17.85 and a 200 day simple moving average of $16.68. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.46. NETSTREIT has a 1 year low of $13.49 and a 1 year high of $20.47. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 133.36, a P/E/G ratio of 4.39 and a beta of 1.00.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD bought a new stake in NETSTREIT in the 1st quarter valued at $195,000. Quantbot Technologies LP bought a new stake in NETSTREIT during the second quarter worth about $190,000. HighTower Advisors LLC bought a new position in shares of NETSTREIT in the fourth quarter valued at $188,000. Bridgefront Capital LLC acquired a new stake in NETSTREIT in the second quarter valued at $181,000. Finally, State of Wyoming increased its stake in shares of NETSTREIT by 33.7% during the 4th quarter. State of Wyoming now owns 9,161 shares of the company’s stock worth $168,000 after purchasing an additional 2,308 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. KeyCorp upgraded shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. Truist Financial decreased their price objective on shares of NETSTREIT from $22.00 to $18.00 and set a “buy” rating for the company in a report on Monday, November 27th. BTIG Research cut their target price on shares of NETSTREIT from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, November 22nd. Mizuho upgraded NETSTREIT from a “neutral” rating to a “buy” rating and increased their target price for the company from $15.00 to $18.00 in a research note on Monday, December 11th. Finally, BNP Paribas cut NETSTREIT from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, NETSTREIT currently has a consensus rating of “Hold” and a consensus price target of $18.22.

Read Our Latest Report on NTST

About NETSTREIT

(Get Free Report)

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.

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Earnings History for NETSTREIT (NYSE:NTST)

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