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

NETSTREIT Corp. (NYSE:NTST) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $17.88.

A number of equities research analysts have weighed in on the company. Wedbush initiated coverage on NETSTREIT in a research note on Monday, August 19th. They issued a “neutral” rating and a $17.00 price objective for the company. Scotiabank decreased their price target on shares of NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st.

Hedge Funds Weigh In On NETSTREIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in NETSTREIT during the second quarter worth $45,000. Parallel Advisors LLC grew its stake in shares of NETSTREIT by 702.3% during the 4th quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after purchasing an additional 3,013 shares during the period. Point72 DIFC Ltd purchased a new position in shares of NETSTREIT in the 2nd quarter valued at about $83,000. Quadrant Capital Group LLC boosted its holdings in NETSTREIT by 204.9% during the fourth quarter. Quadrant Capital Group LLC now owns 8,361 shares of the company’s stock worth $149,000 after buying an additional 5,619 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in NETSTREIT by 13.7% during the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock worth $182,000 after buying an additional 1,359 shares during the period.

NETSTREIT Trading Down 2.1 %

Shares of NETSTREIT stock opened at $16.62 on Wednesday. The company has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $16.96. NETSTREIT has a 12-month low of $13.49 and a 12-month high of $18.97. The company has a current ratio of 4.08, a quick ratio of 4.08 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 184.67 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.33). NETSTREIT had a return on equity of 0.39% and a net margin of 3.32%. The firm had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $39.31 million. During the same period in the previous year, the business posted $0.30 EPS. On average, equities analysts forecast that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a $0.21 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 5.05%. This is an increase from NETSTREIT’s previous quarterly dividend of $0.21. NETSTREIT’s dividend payout ratio (DPR) is presently 933.33%.

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.