NETSTREIT Corp. (NYSE:NTST) Given Average Recommendation of “Moderate Buy” by Brokerages

NETSTREIT Corp. (NYSE:NTST) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.11.

NTST has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday. Raymond James raised shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Wedbush initiated coverage on shares of NETSTREIT in a research note on Monday, August 19th. They issued a “neutral” rating and a $17.00 target price for the company. Scotiabank lowered their price target on shares of NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group started coverage on shares of NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective for the company.

Hedge Funds Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC lifted its stake in shares of NETSTREIT by 3.7% in the third quarter. Natixis Advisors LLC now owns 26,051 shares of the company’s stock worth $431,000 after buying an additional 941 shares in the last quarter. ProShare Advisors LLC lifted its stake in NETSTREIT by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock worth $228,000 after purchasing an additional 977 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of NETSTREIT by 5.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 17,939 shares of the company’s stock worth $297,000 after purchasing an additional 1,001 shares during the last quarter. Van ECK Associates Corp grew its position in shares of NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock valued at $182,000 after purchasing an additional 1,359 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of NETSTREIT by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company’s stock valued at $609,000 after purchasing an additional 1,490 shares during the last quarter.

NETSTREIT Stock Down 0.4 %

NTST stock opened at $15.83 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.08 and a quick ratio of 4.08. The firm’s fifty day simple moving average is $16.27 and its 200-day simple moving average is $16.62. NETSTREIT has a 12 month low of $14.92 and a 12 month high of $18.97. The company has a market capitalization of $1.22 billion, a P/E ratio of -263.71 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.37). The business 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 0.36%. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, equities research analysts forecast that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.31%. NETSTREIT’s dividend payout ratio (DPR) is presently -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.