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

Shares of NETSTREIT Corp. (NYSE:NTST) have received an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Four 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 target price among analysts that have covered the stock in the last year is $18.11.

NTST has been the topic of a number of research analyst reports. UBS Group began coverage on NETSTREIT in a research report on Monday, October 14th. They issued a “buy” rating and a $19.00 target price on the stock. Stifel Nicolaus reduced their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday. Wedbush began coverage on shares of NETSTREIT in a research report on Monday, August 19th. They issued a “neutral” rating and a $17.00 target price on the stock. Scotiabank dropped 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 report on Wednesday, August 7th. Finally, Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the stock from $20.00 to $19.00 in a report on Wednesday, August 21st.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently modified their holdings of the business. Natixis Advisors LLC raised its holdings in NETSTREIT by 3.7% in the third quarter. Natixis Advisors LLC now owns 26,051 shares of the company’s stock valued at $431,000 after acquiring an additional 941 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of NETSTREIT by 10.6% in the 3rd quarter. Victory Capital Management Inc. now owns 85,500 shares of the company’s stock valued at $1,413,000 after purchasing an additional 8,200 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of NETSTREIT during the 3rd quarter worth $546,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of NETSTREIT by 1,931.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after purchasing an additional 1,535,761 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in NETSTREIT by 107.8% in the third quarter. GSA Capital Partners LLP now owns 149,651 shares of the company’s stock valued at $2,474,000 after buying an additional 77,647 shares during the last quarter.

NETSTREIT Price Performance

NETSTREIT stock opened at $15.83 on Thursday. 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 company has a 50-day moving average price of $16.27 and a 200 day moving average price of $16.62. NETSTREIT has a 12-month low of $14.92 and a 12-month high of $18.97. The stock has a market cap of $1.22 billion, a P/E ratio of -263.71 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $41.10 million. NETSTREIT had a negative return on equity of 0.36% and a negative net margin of 2.96%. During the same quarter in the prior year, the business earned $0.31 EPS. Sell-side analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT’s 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.