Netstreit Q1 AFFO $0.29 Up From $0.23 YoY; Co. Sees FY22 AFFO $1.14-$1.17
Netstreit (NYSE:NTST) reported quarterly earnings of $0.29 per share. This is a 26.09 percent increase over earnings of $0.23 per share from the same period last year.
BofA Downgrades Getty Realty, National Retail Properties, Names Top Triple-Net REITs For 2022
On Thursday, Bank of America analyst Joshua Dennerlein updated his coverage of triple-net real estate investment trusts (REITs), and adjusted his ratings for several stocks.
The Analyst: Dennerlein made the following changes to his coverage:
NETSTREIT Priced Upsized 9M Share Common Stock Offering @$22.25/Share
NETSTREIT Corp. (the "Company") announced today that it has priced a public offering of 9,000,000 shares of its common stock at a price to the public of $22.25 per share in connection with the forward sale agreements described below. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock.
Earnings Scheduled For October 28, 2021
Companies Reporting Before The Bell
• LendingTree (NASDAQ:TREE) is estimated to report quarterly earnings at $0.57 per share on revenue of $292.63 million.
Wells Fargo Maintains Overweight on Netstreit, Raises Price Target to $30
Wells Fargo analyst Todd Stender maintains Netstreit (NYSE:NTST) with a Overweight and raises the price target from $26 to $30.
Stocks That Hit 52-Week Highs On Wednesday
Before 10 a.m. ET Wednesday, 138 stocks hit new 52-week highs.
Earnings Scheduled For July 29, 2021
Companies Reporting Before The Bell
• Smith & Nephew (NYSE:SNN) is projected to report earnings for its second quarter.
Stocks That Hit 52-Week Highs On Wednesday
During Wednesday's morning trading, 125 companies set new 52-week highs.
Keybanc Maintains Overweight on Netstreit, Raises Price Target to $27
Keybanc maintains Netstreit (NYSE:NTST) with a Overweight and raises the price target from $23 to $27.