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

Shares of NETSTREIT Corp. (NYSE:NTST) have earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.25.

Several analysts have recently commented on NTST shares. Wedbush initiated coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a “neutral” rating and a $17.00 price objective on the stock. UBS Group initiated coverage on NETSTREIT in a report on Monday, October 14th. They set a “buy” rating and a $19.00 price target on the stock. Stifel Nicolaus dropped their price objective on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. Finally, Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th.

Hedge Funds Weigh In On NETSTREIT

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

NETSTREIT Price Performance

Shares of NETSTREIT stock opened at $16.21 on Monday. The stock’s fifty day moving average is $15.98 and its 200 day moving average is $16.45. NETSTREIT has a one year low of $15.02 and a one year 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 stock has a market cap of $1.32 billion, a P/E ratio of -270.17 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data 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 company had revenue of $41.44 million for 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 earnings per share. Sell-side analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.18%. NETSTREIT’s dividend payout ratio (DPR) is -1,400.00%.

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.