NETSTREIT Corp. (NYSE:NTST) Receives $17.75 Consensus PT from Analysts

Shares of NETSTREIT Corp. (NYSE:NTST) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.75.

NTST has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Truist Financial lowered their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. UBS Group initiated coverage on NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Mizuho lowered their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of NETSTREIT in the second quarter worth approximately $45,000. Point72 DIFC Ltd bought a new position in NETSTREIT during the 2nd quarter worth approximately $83,000. Hohimer Wealth Management LLC acquired a new position in shares of NETSTREIT in the 3rd quarter worth approximately $166,000. Sanctuary Advisors LLC bought a new stake in shares of NETSTREIT in the 3rd quarter valued at $169,000. Finally, Custom Index Systems LLC acquired a new stake in shares of NETSTREIT during the third quarter worth $170,000.

NETSTREIT Trading Up 0.6 %

Shares of NETSTREIT stock opened at $14.38 on Tuesday. NETSTREIT has a 52-week low of $13.42 and a 52-week high of $18.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The firm has a 50-day moving average of $14.81 and a 200-day moving average of $15.78. The stock has a market cap of $1.17 billion, a PE ratio of -239.64 and a beta of 1.00.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The business had revenue of $41.44 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.31 earnings per share. As a group, sell-side analysts forecast that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.84%. NETSTREIT’s payout ratio is -1,399.77%.

NETSTREIT Company Profile

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.