Equities analysts forecast that NetSTREIT Corp. (NYSE:NTST) will report earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for NetSTREIT’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. The company is expected to report its next quarterly earnings report on Thursday, February 4th.
On average, analysts expect that NetSTREIT will report full-year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.63 to $0.69. For the next year, analysts anticipate that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.99 to $1.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow NetSTREIT.
NetSTREIT (NYSE:NTST) last posted its earnings results on Thursday, October 29th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.27).
Shares of NTST opened at $17.04 on Thursday. NetSTREIT has a 1 year low of $16.75 and a 1 year high of $19.82. The company’s 50-day simple moving average is $18.66 and its 200-day simple moving average is $18.47.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st were paid a $0.20 dividend. This is a positive change from NetSTREIT’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Monday, November 30th.
Institutional investors have recently made changes to their positions in the business. State Street Corp purchased a new position in NetSTREIT in the third quarter valued at approximately $2,202,000. ArrowMark Colorado Holdings LLC purchased a new position in NetSTREIT in the third quarter valued at approximately $4,565,000. Charles Schwab Investment Management Inc. purchased a new position in NetSTREIT in the third quarter valued at approximately $1,450,000. Victory Capital Management Inc. purchased a new position in NetSTREIT in the third quarter valued at approximately $863,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of NetSTREIT during the third quarter worth approximately $264,000. Institutional investors own 7.51% of the company’s stock.
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.
Further Reading: Buy Rating
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