Mizuho Lowers NETSTREIT (NYSE:NTST) Price Target to $15.00

NETSTREIT (NYSE:NTST) had its price objective decreased by Mizuho from $17.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 9.49% from the stock’s previous close.

Several other research analysts also recently commented on the company. Stifel Nicolaus lowered their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Truist Financial decreased their target price on shares of 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 initiated coverage on NETSTREIT in a research note on Monday, October 14th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.04.

NETSTREIT Trading Down 0.4 %

Shares of NETSTREIT stock opened at $13.70 on Wednesday. The firm’s 50-day moving average price is $15.14 and its two-hundred day moving average price is $15.94. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -228.30 and a beta of 1.00. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT has a 12-month low of $13.53 and a 12-month high of $18.97.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The firm had revenue of $41.44 million during the quarter, compared to the consensus estimate 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 last year, the business earned $0.31 earnings per share. On average, analysts forecast that NETSTREIT will post 1.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.