NETSTREIT (NTST) to Release Quarterly Earnings on Monday

NETSTREIT (NYSE:NTST) will likely be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $42.59 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

NETSTREIT Price Performance

Shares of NTST opened at $14.30 on Friday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -238.29 and a beta of 1.00. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $18.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The business’s 50-day moving average is $14.21 and its 200-day moving average is $15.45.

Wall Street Analyst Weigh In

NTST has been the subject of a number of recent analyst reports. Mizuho decreased their target price on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Raymond James decreased their target price on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research report on Friday, January 17th. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Truist Financial decreased their target price on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Capital One Financial initiated coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating for the company. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NETSTREIT currently has an average rating of “Buy” and an average price target of $17.75.

About NETSTREIT

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.