NETSTREIT (NYSE:NTST – Free Report) had its price objective decreased by Mizuho from $17.00 to $15.00 in a research report report published on Wednesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.
NTST has been the topic of a number of other reports. Truist Financial decreased their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. UBS Group began coverage on shares of NETSTREIT in a research report on Monday, October 14th. They set a “buy” rating and a $19.00 target price on the stock. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $18.00 in a report on Monday, November 11th. Finally, Stifel Nicolaus decreased their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.04.
Check Out Our Latest Research Report on NETSTREIT
NETSTREIT Stock Down 0.4 %
NETSTREIT (NYSE:NTST – Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.37). The firm had revenue of $41.44 million during the quarter, compared to analysts’ expectations of $41.10 million. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. During the same period in the previous year, the firm earned $0.31 EPS. As a group, research analysts anticipate that NETSTREIT will post 1.19 EPS for the current year.
NETSTREIT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.21 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 6.13%. NETSTREIT’s dividend payout ratio is presently -1,400.00%.
Institutional Trading of NETSTREIT
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in NETSTREIT in the 2nd quarter worth approximately $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT during the second quarter worth $83,000. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT in the third quarter valued at $166,000. Sanctuary Advisors LLC acquired a new position in NETSTREIT in the third quarter valued at $169,000. Finally, Custom Index Systems LLC purchased a new position in NETSTREIT during the third quarter worth about $170,000.
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.
Recommended Stories
- Five stocks we like better than NETSTREIT
- What is the Shanghai Stock Exchange Composite Index?
- 3 Promising Penny Stocks to Watch for Long-Term Gains in 2025
- Stock Market Sectors: What Are They and How Many Are There?
- The 3 Kings of Buybacks in 2024: Can They Do It Again?
- Breakout Stocks: What They Are and How to Identify Them
- Breaking the Mold: 3 Non-Tech Stocks Ready to Surge in 2025
Receive News & Ratings for NETSTREIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETSTREIT and related companies with MarketBeat.com's FREE daily email newsletter.