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

NETSTREIT Corp. (NYSE:NTST) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $19.03.

A number of research firms have recently issued reports on NTST. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $16.00 to $18.00 in a report on Monday, November 11th. UBS Group began coverage on shares of NETSTREIT in a report on Monday, October 14th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

NETSTREIT Trading Down 0.1 %

Shares of NTST stock opened at $14.10 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -234.96 and a beta of 0.97. NETSTREIT has a 1 year low of $13.80 and a 1 year high of $18.97. The firm’s fifty day simple moving average is $15.54 and its 200 day simple moving average is $16.15. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT (NYSE:NTST) last released 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). NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. The company had revenue of $41.44 million during the quarter, compared to the consensus estimate of $41.10 million. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, sell-side analysts predict that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.21 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a yield of 5.96%. NETSTREIT’s dividend payout ratio is -1,400.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Natixis Advisors LLC lifted its holdings in NETSTREIT by 3.7% during the 3rd 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. IFM Investors Pty Ltd raised its holdings in NETSTREIT by 5.9% in the third 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 period. QSV Equity Investors LLC boosted its position in shares of NETSTREIT by 1.6% during the third quarter. QSV Equity Investors LLC now owns 77,533 shares of the company’s stock worth $1,282,000 after purchasing an additional 1,214 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of NETSTREIT by 13.7% in the 2nd quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock valued at $182,000 after buying an additional 1,359 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of NETSTREIT by 4.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company’s stock valued at $609,000 after buying an additional 1,490 shares in the last quarter.

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.