NETSTREIT Corp. (NYSE:NTST) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of NETSTREIT Corp. (NYSE:NTST) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.30.

Several research firms have recently issued reports on NTST. UBS Group began coverage on shares of NETSTREIT in a research report on Monday, October 14th. They set a “buy” rating and a $19.00 price objective on the stock. Wedbush began coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a “neutral” rating and a $17.00 price objective on the stock. Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $20.00 to $19.00 in a research report on Wednesday, August 21st. Stifel Nicolaus cut their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $16.00 to $18.00 in a report on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of NETSTREIT by 8.3% during the first quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock worth $135,062,000 after purchasing an additional 566,513 shares during the last quarter. Long Pond Capital LP lifted its position in shares of NETSTREIT by 235.2% during the first quarter. Long Pond Capital LP now owns 5,967,437 shares of the company’s stock worth $109,622,000 after purchasing an additional 4,187,438 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of NETSTREIT by 1,931.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after purchasing an additional 1,535,761 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of NETSTREIT by 64.9% during the first quarter. Russell Investments Group Ltd. now owns 1,593,752 shares of the company’s stock worth $29,277,000 after purchasing an additional 627,514 shares during the last quarter. Finally, APG Asset Management US Inc. lifted its position in shares of NETSTREIT by 5.6% during the second quarter. APG Asset Management US Inc. now owns 1,520,236 shares of the company’s stock worth $24,597,000 after purchasing an additional 80,553 shares during the last quarter.

NETSTREIT Price Performance

NYSE NTST opened at $16.10 on Thursday. NETSTREIT has a 12 month low of $14.92 and a 12 month high of $18.97. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -268.29 and a beta of 0.97. The company’s 50 day moving average is $16.21 and its two-hundred day moving average is $16.59. The company has a current ratio of 4.11, a quick ratio of 4.08 and a debt-to-equity ratio of 0.57.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, November 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The firm had revenue of $41.44 million for the quarter, compared to the consensus estimate of $41.10 million. NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, research analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.22%. The ex-dividend date is Monday, December 2nd. NETSTREIT’s payout ratio is -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.