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

Shares of NETSTREIT Corp. (NYSE:NTST) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.30.

A number of brokerages have issued reports on NTST. Raymond James upgraded NETSTREIT from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $16.00 to $18.00 in a research note on Monday. Wedbush began coverage on NETSTREIT in a research note on Monday, August 19th. They set a “neutral” rating and a $17.00 price objective for the company. Stifel Nicolaus lowered their price objective on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group assumed coverage on NETSTREIT in a research note on Monday, October 14th. They set a “buy” rating and a $19.00 price objective for the company.

Institutional Trading of NETSTREIT

Several large investors have recently modified their holdings of NTST. Long Pond Capital LP grew its holdings in shares of NETSTREIT by 235.2% in the first quarter. Long Pond Capital LP now owns 5,967,437 shares of the company’s stock worth $109,622,000 after acquiring an additional 4,187,438 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of NETSTREIT by 1,931.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after acquiring an additional 1,535,761 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of NETSTREIT by 64.9% in the first quarter. Russell Investments Group Ltd. now owns 1,593,752 shares of the company’s stock worth $29,277,000 after acquiring an additional 627,514 shares during the period. Vanguard Group Inc. grew its holdings in shares of NETSTREIT by 8.3% in the first quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock worth $135,062,000 after acquiring an additional 566,513 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of NETSTREIT by 42.4% in the second quarter. Marshall Wace LLP now owns 1,009,106 shares of the company’s stock worth $16,247,000 after acquiring an additional 300,481 shares during the period.

NETSTREIT Trading Down 0.7 %

NTST opened at $15.68 on Thursday. The stock has a market cap of $1.28 billion, a PE ratio of -261.21 and a beta of 0.97. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $16.19 and a 200-day moving average of $16.58. NETSTREIT has a 52 week low of $15.02 and a 52 week high of $18.97.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data 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 company had revenue of $41.44 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.31 EPS. Equities research analysts predict that NETSTREIT will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT’s dividend 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.