NETSTREIT Corp. (NYSE:NTST) Receives Average Recommendation of “Moderate Buy” from Analysts

NETSTREIT Corp. (NYSE:NTST) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.75.

A number of equities analysts have recently commented on the stock. Mizuho dropped their price target on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Raymond James reduced their target price on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research report on Friday. Truist Financial lowered their price target on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $16.00 to $18.00 in a report on Monday, November 11th. 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.

Institutional Investors Weigh In On NETSTREIT

Several large investors have recently bought and sold shares of NTST. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of NETSTREIT by 1,931.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after acquiring an additional 1,535,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NETSTREIT by 765.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company’s stock worth $10,508,000 after purchasing an additional 562,273 shares in the last quarter. Nordea Investment Management AB acquired a new stake in NETSTREIT during the 4th quarter worth approximately $6,714,000. JPMorgan Chase & Co. lifted its stake in NETSTREIT by 173.9% in the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company’s stock valued at $9,414,000 after buying an additional 361,577 shares in the last quarter. Finally, Rush Island Management LP boosted its holdings in shares of NETSTREIT by 18.0% in the third quarter. Rush Island Management LP now owns 2,364,964 shares of the company’s stock valued at $39,093,000 after buying an additional 359,993 shares during the period.

NETSTREIT Trading Up 0.7 %

Shares of NTST opened at $14.58 on Tuesday. NETSTREIT has a 1-year low of $13.42 and a 1-year high of $18.97. The business’s 50-day moving average price is $14.94 and its 200 day moving average price is $15.83. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.19 billion, a P/E ratio of -242.89 and a beta of 1.00.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $41.10 million. During the same period in the previous year, the firm posted $0.31 earnings per share. Analysts expect 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 was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.21 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.76%. NETSTREIT’s dividend payout ratio is currently -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.