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

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

A number of other analysts have also commented on the stock. Stifel Nicolaus decreased their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Truist Financial cut their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Finally, UBS Group began coverage on NETSTREIT in a research note on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.04.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $13.70 on Wednesday. The firm has a market capitalization of $1.12 billion, a P/E ratio of -228.30 and a beta of 1.00. The firm’s 50-day moving average price is $15.14 and its 200-day moving average price is $15.94. 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 has a 1-year low of $13.53 and a 1-year high of $18.97.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. The firm had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.10 million. During the same period last year, the company posted $0.31 earnings per share. Equities research analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NETSTREIT

A number of hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in NETSTREIT during the second quarter worth about $45,000. Point72 DIFC Ltd bought a new position in shares of NETSTREIT during the 2nd quarter valued at approximately $83,000. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT during the 3rd quarter worth approximately $166,000. Sanctuary Advisors LLC purchased a new stake in shares of NETSTREIT during the 3rd quarter worth approximately $169,000. Finally, Custom Index Systems LLC bought a new stake in shares of NETSTREIT in the 3rd quarter worth approximately $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.