NETSTREIT Corp. (NYSE:NTST) Receives Average Recommendation of "Moderate Buy" from Brokerages

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.11.

NTST has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on NETSTREIT from $19.50 to $19.25 and set a "buy" rating for the company in a report on Tuesday. Scotiabank decreased their price objective on NETSTREIT from $18.00 to $16.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. Raymond James upgraded NETSTREIT from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $20.00 to $19.00 in a report on Wednesday, August 21st. UBS Group started coverage on NETSTREIT in a report on Monday, October 14th. They issued a "buy" rating and a $19.00 price objective for the company. Finally, Wedbush started coverage on NETSTREIT in a report on Monday, August 19th. They issued a "neutral" rating and a $17.00 price objective for the company.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Quarry LP bought a new stake in NETSTREIT in the 2nd quarter worth about $45,000. Point72 DIFC Ltd purchased a new stake in shares of NETSTREIT during the 2nd quarter valued at about $83,000. Custom Index Systems LLC bought a new stake in shares of NETSTREIT in the third quarter worth approximately $170,000. M&G PLC purchased a new position in shares of NETSTREIT during the third quarter valued at approximately $173,000. Finally, Van ECK Associates Corp lifted its position in NETSTREIT by 13.7% during the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company's stock valued at $182,000 after purchasing an additional 1,359 shares during the period.

NETSTREIT Trading Up 1.5 %

Shares of NETSTREIT stock traded up $0.24 during midday trading on Thursday, reaching $16.06. 473,785 shares of the company's stock traded hands, compared to its average volume of 1,010,350. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.08 and a current ratio of 4.08. The company has a market cap of $1.24 billion, a PE ratio of -263.71 and a beta of 0.97. The stock has a 50 day moving average of $16.27 and a 200-day moving average of $16.62. NETSTREIT has a 12 month low of $14.92 and a 12 month high of $18.97.

NETSTREIT (NYSE:NTST - Get Free Report) last announced 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 business had revenue of $41.44 million for the quarter, compared to the consensus estimate of $41.10 million. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.36%. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, equities analysts expect that NETSTREIT will post 1.19 EPS for the current fiscal 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT's payout ratio is -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.