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

Shares of NETSTREIT Corp. (NYSE:NTST) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.25.

A number of equities analysts have commented on the stock. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Stifel Nicolaus decreased their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. UBS Group started coverage on NETSTREIT in a research report on Monday, October 14th. They set a “buy” rating and a $19.00 price target on the stock. Wedbush assumed coverage on NETSTREIT in a report on Monday, August 19th. They issued a “neutral” rating and a $17.00 price objective for the company. Finally, Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their target price for the stock from $20.00 to $19.00 in a report on Wednesday, August 21st.

NETSTREIT Price Performance

Shares of NTST stock opened at $16.21 on Monday. The stock has a 50 day moving average price of $15.98 and a 200 day moving average price of $16.45. NETSTREIT has a 52-week low of $15.02 and a 52-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. The firm has a market capitalization of $1.32 billion, a P/E ratio of -270.17 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share 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 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 last year, the business posted $0.31 earnings per share. As a group, sell-side analysts predict that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT’s dividend payout ratio is currently -1,400.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of NETSTREIT in the 3rd quarter worth $169,000. Hohimer Wealth Management LLC purchased a new stake in NETSTREIT in the third quarter valued at about $166,000. Geode Capital Management LLC boosted its holdings in NETSTREIT by 6.0% in the third quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company’s stock worth $32,748,000 after acquiring an additional 112,047 shares in the last quarter. Vestcor Inc purchased a new stake in shares of NETSTREIT during the third quarter worth about $913,000. Finally, Barclays PLC increased its holdings in shares of NETSTREIT by 216.9% during the third quarter. Barclays PLC now owns 123,066 shares of the company’s stock valued at $2,033,000 after acquiring an additional 84,226 shares in the last quarter.

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.