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

Shares of NETSTREIT Corp. (NYSE:NTST) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.61.

NTST has been the subject of several recent research reports. Truist Financial decreased 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. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $16.00 to $18.00 in a research report on Monday, November 11th. Stifel Nicolaus lowered their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group initiated coverage on shares of NETSTREIT in a research note on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective on the stock.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently bought and sold shares of NTST. State Street Corp boosted its position in shares of NETSTREIT by 2.9% during the 3rd quarter. State Street Corp now owns 3,104,081 shares of the company’s stock worth $51,310,000 after purchasing an additional 87,669 shares in the last quarter. Rush Island Management LP boosted its holdings in NETSTREIT by 18.0% in the third quarter. Rush Island Management LP now owns 2,364,964 shares of the company’s stock worth $39,093,000 after acquiring an additional 359,993 shares in the last quarter. Geode Capital Management LLC grew its stake in NETSTREIT by 6.0% in the third quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company’s stock valued at $32,748,000 after acquiring an additional 112,047 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings 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 valued at $26,700,000 after acquiring an additional 1,535,761 shares in the last quarter. Finally, APG Asset Management US Inc. raised its position in shares of NETSTREIT by 5.6% during the second quarter. APG Asset Management US Inc. now owns 1,520,236 shares of the company’s stock worth $24,597,000 after purchasing an additional 80,553 shares during the period.

NETSTREIT Stock Down 1.5 %

Shares of NYSE NTST opened at $13.94 on Friday. The company has a 50 day simple moving average of $15.36 and a 200 day simple moving average of $16.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT has a 1 year low of $13.74 and a 1 year high of $18.97. The firm has a market cap of $1.14 billion, a PE ratio of -232.29 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.37). The business had revenue of $41.44 million for 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 in the previous year, the business posted $0.31 EPS. On average, research analysts forecast that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.03%. NETSTREIT’s payout ratio is presently -1,400.00%.

About NETSTREIT

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.