NETSTREIT Corp. (NYSE:NTST) Short Interest Up 28.4% in February

NETSTREIT Corp. (NYSE:NTST) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 27,793,686 shares, an increase of 28.4% from the January 29th total of 21,652,442 shares. Based on an average daily volume of 2,073,072 shares, the days-to-cover ratio is presently 13.4 days. Approximately 28.8% of the shares of the stock are short sold. Approximately 28.8% of the shares of the stock are short sold. Based on an average daily volume of 2,073,072 shares, the days-to-cover ratio is presently 13.4 days.

Analyst Ratings Changes

NTST has been the topic of a number of research reports. Truist Financial raised their price target on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. BTIG Research increased their target price on NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. Mizuho lowered their price target on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Scotiabank boosted their price target on NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday. Finally, Cantor Fitzgerald raised their price objective on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NETSTREIT presently has a consensus rating of “Moderate Buy” and an average price target of $20.83.

NETSTREIT Stock Performance

NETSTREIT stock opened at $21.22 on Thursday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 235.78, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.12. The firm has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $18.46. NETSTREIT has a 1-year low of $14.00 and a 1-year high of $21.30.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The business had revenue of $52.50 million during the quarter, compared to analyst estimates of $50.98 million. NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. On average, analysts expect that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio (DPR) is currently 955.56%.

Institutional Investors Weigh In On NETSTREIT

A number of institutional investors and hedge funds have recently made changes to their positions in NTST. Loomis Sayles & Co. L P boosted its position in shares of NETSTREIT by 959.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after purchasing an additional 1,333 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after buying an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NETSTREIT by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after buying an additional 650 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of NETSTREIT in the fourth quarter valued at $44,000. Finally, Inspire Investing LLC purchased a new stake in shares of NETSTREIT in the 4th quarter valued at $45,000.

NETSTREIT Company Profile

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.