NETSTREIT (NYSE:NTST - Get Rating) is set to issue its quarterly earnings data after the market closes on Thursday, February 23rd. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
→ Free Stock Analysis Report: See the Right Way to Analyze Stocks (From Vector Vest)
Shares of NTST stock opened at $19.65 on Thursday. The firm has a market capitalization of $1.08 billion, a PE ratio of 122.82, a PEG ratio of 2.09 and a beta of 0.99. The stock has a fifty day simple moving average of $19.37 and a two-hundred day simple moving average of $19.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 2.15. NETSTREIT has a 52-week low of $17.07 and a 52-week high of $23.72.
A number of research analysts have recently weighed in on NTST shares. TheStreet lowered NETSTREIT from a "c-" rating to a "d+" rating in a research report on Thursday, October 20th. Bank of America lowered NETSTREIT from a "buy" rating to a "neutral" rating and cut their price objective for the company from $22.00 to $21.00 in a research report on Monday, November 14th. Truist Financial cut their price objective on NETSTREIT from $24.00 to $22.00 in a research report on Friday, November 11th. Finally, Raymond James downgraded shares of NETSTREIT from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $23.00 to $21.00 in a report on Monday, January 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.29.
Several institutional investors have recently added to or reduced their stakes in NTST. BlackRock Inc. increased its position in shares of 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 acquiring an additional 2,295,659 shares during the period. Vanguard Group Inc. increased its position in shares of NETSTREIT by 14.1% during the third quarter. Vanguard Group Inc. now owns 5,404,972 shares of the company's stock worth $96,262,000 after acquiring an additional 668,255 shares during the period. Alliancebernstein L.P. increased its position in shares of NETSTREIT by 2.8% during the third quarter. Alliancebernstein L.P. now owns 2,487,358 shares of the company's stock worth $44,300,000 after acquiring an additional 67,609 shares during the period. State Street Corp increased its position in shares of NETSTREIT by 90.0% during the third 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 during the period. Finally, Prudential Financial Inc. increased its position in shares of NETSTREIT by 196.4% during the first 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 during the period.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider NETSTREIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NETSTREIT wasn't on the list.
While NETSTREIT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
