NETSTREIT Corp. (NYSE:NTST) Stock Has Average Price Target of $21.67

NETSTREIT Corp. (NYSE:NTST) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.67.

A number of research analysts have weighed in on NTST shares. Scotiabank reduced their price target on NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating on the stock in a research note on Thursday, September 24th. Citigroup cut their price objective on shares of NETSTREIT from $21.00 to $18.50 and set a “neutral” rating on the stock in a report on Monday, October 26th. Stifel Nicolaus decreased their target price on shares of NETSTREIT from $23.50 to $21.25 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Mizuho cut their target price on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Finally, BMO Capital Markets upped their price target on NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTST. BlackRock Inc. bought a new position in NETSTREIT during the 2nd quarter valued at $404,780,000. Principal Financial Group Inc. boosted its stake in NETSTREIT by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock valued at $179,560,000 after purchasing an additional 309,453 shares during the period. Bank of America Corp DE grew its stake in shares of NETSTREIT by 12.2% in the first quarter. Bank of America Corp DE now owns 3,433,461 shares of the company’s stock worth $64,652,000 after purchasing an additional 372,337 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of NETSTREIT during the second quarter valued at approximately $44,589,000. Finally, Jupiter Topco LLC acquired a new stake in shares of NETSTREIT in the second quarter valued at $36,959,000.

NETSTREIT Trading Up 0.1%

Shares of NTST stock opened at $18.81 on Monday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 85.52, a PEG ratio of 1.85 and a beta of 0.81. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $18.26 and a 200 day moving average price of $19.80. NETSTREIT has a twelve month low of $16.18 and a twelve month high of $22.47.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $66.26 million for the quarter, compared to analyst estimates of $60.55 million. NETSTREIT had a return on equity of 1.33% and a net margin of 9.18%. Research analysts forecast that NETSTREIT will post 1.29 earnings per share for the current fiscal year.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.2250 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. NETSTREIT’s dividend payout ratio is presently 409.09%.

NETSTREIT Company Profile

NETSTREIT Corp. is a real estate investment trust focused on owning and managing outpatient healthcare properties in the United States. The company invests primarily in facilities that provide essential medical services, including physician offices, ambulatory care centers and other outpatient healthcare locations.

NETSTREIT generally leases its properties to healthcare providers under long-term, triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property taxes, insurance and maintenance expenses.