NETSTREIT Corp. (NYSE:NTST) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.25.

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

NETSTREIT Price Performance

NETSTREIT stock traded down $0.10 during midday trading on Monday, reaching $15.90. The company's stock had a trading volume of 701,887 shares, compared to its average volume of 1,001,511. 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 has a fifty-two week low of $15.04 and a fifty-two week high of $18.97. The stock's 50 day simple moving average is $15.98 and its 200 day simple moving average is $16.45. The firm has a market capitalization of $1.30 billion, a PE ratio of -270.17 and a beta of 0.97.

NETSTREIT (NYSE:NTST - Get Free Report) last released its quarterly 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 return on equity of 0.35% and a negative net margin of 2.96%. The firm had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.10 million. During the same period last year, the firm earned $0.31 EPS. On average, equities research analysts forecast that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.28%. NETSTREIT's dividend payout ratio (DPR) is presently -1,400.00%.

Institutional Trading of NETSTREIT

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of NETSTREIT by 2.9% during the third quarter. State Street Corp now owns 3,104,081 shares of the company's stock worth $51,310,000 after buying an additional 87,669 shares in the last quarter. Rush Island Management LP grew its stake in shares of NETSTREIT by 18.0% during the 3rd quarter. Rush Island Management LP now owns 2,364,964 shares of the company's stock worth $39,093,000 after acquiring an additional 359,993 shares during the period. Geode Capital Management LLC grew its position in shares of NETSTREIT by 6.0% in the third quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company's stock valued at $32,748,000 after purchasing an additional 112,047 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings 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 purchasing an additional 1,535,761 shares during the period. Finally, APG Asset Management US Inc. grew its position in NETSTREIT by 5.6% in the second quarter. APG Asset Management US Inc. now owns 1,520,236 shares of the company's stock worth $24,597,000 after acquiring an additional 80,553 shares in the last quarter.

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.