Analysts Set NETSTREIT Corp. (NYSE:NTST) PT at $17.75

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.75.

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Truist Financial reduced their price target on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Raymond James reduced their price target on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday. Mizuho reduced their price target on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank upgraded NETSTREIT from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $16.00 to $18.00 in a research note on Monday, November 11th.

NETSTREIT Stock Up 1.2 %

Shares of NYSE:NTST traded up $0.18 during trading on Tuesday, hitting $14.75. 671,581 shares of the company's stock traded hands, compared to its average volume of 713,441. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $18.97. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -245.71 and a beta of 1.00. The company has a 50-day moving average price of $14.91 and a 200-day moving average price of $15.82.

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

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.70%. NETSTREIT's dividend payout ratio is currently -1,399.77%.

Institutional Trading of NETSTREIT

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in NETSTREIT in the 2nd quarter worth about $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT in the second quarter valued at about $83,000. Hohimer Wealth Management LLC acquired a new stake in shares of NETSTREIT in the third quarter valued at about $166,000. Sanctuary Advisors LLC acquired a new stake in shares of NETSTREIT in the third quarter valued at about $169,000. Finally, Custom Index Systems LLC acquired a new stake in shares of NETSTREIT in the third quarter valued at about $170,000.

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.