NETSTREIT (NYSE:NTST) Price Target Cut to $19.00 by Analysts at Truist Financial

NETSTREIT (NYSE:NTST) had its price target reduced by Truist Financial from $20.00 to $19.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

NTST has been the topic of a number of other reports. Wedbush initiated coverage on NETSTREIT in a report on Monday, August 19th. They issued a “neutral” rating and a $17.00 target price on the stock. Stifel Nicolaus reduced their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Scotiabank raised 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 report on Monday, November 11th. UBS Group started 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. Finally, Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.33.

NETSTREIT Stock Down 0.1 %

NTST stock opened at $15.72 on Thursday. The business’s 50-day moving average is $15.93 and its two-hundred day moving average is $16.41. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -262.00 and a beta of 0.97. NETSTREIT has a fifty-two week low of $15.04 and a fifty-two week high of $18.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11.

NETSTREIT (NYSE:NTST) last announced its 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). NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. The business had revenue of $41.44 million for the quarter, compared to the consensus estimate of $41.10 million. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, analysts forecast that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.21 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.34%. NETSTREIT’s dividend payout ratio is currently -1,400.00%.

Institutional Inflows and Outflows

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