NETSTREIT Corp. (NYSE:NTST) Receives $17.75 Consensus PT from Analysts

Shares of NETSTREIT Corp. (NYSE:NTST) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.75.

A number of equities analysts have weighed in on the company. 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. Stifel Nicolaus decreased their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a report on Tuesday, November 5th. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, Mizuho dropped their price target on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th.

Institutional Trading of NETSTREIT

Several institutional investors have recently modified their holdings of NTST. Sumitomo Mitsui Trust Group Inc. lifted its stake in NETSTREIT by 1,931.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock valued at $26,700,000 after buying an additional 1,535,761 shares in the last quarter. Tributary Capital Management LLC acquired a new position in shares of NETSTREIT during the fourth quarter valued at approximately $12,633,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NETSTREIT by 765.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company’s stock valued at $10,508,000 after acquiring an additional 562,273 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of NETSTREIT in the fourth quarter worth approximately $6,714,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of NETSTREIT by 173.9% in the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company’s stock worth $9,414,000 after acquiring an additional 361,577 shares during the last quarter.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $14.81 on Tuesday. The business’s 50 day moving average price is $14.81 and its 200 day moving average price is $15.78. The firm has a market cap of $1.21 billion, a P/E ratio of -246.74 and a beta of 1.00. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $18.97. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.07) 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 analyst estimates 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 earnings per share. On average, sell-side analysts expect that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend was Monday, December 2nd. NETSTREIT’s dividend payout ratio is presently -1,399.77%.

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.