Raymond James Cuts NETSTREIT (NYSE:NTST) Price Target to $17.00

NETSTREIT (NYSE:NTST - Get Free Report) had its target price lowered by equities research analysts at Raymond James from $19.00 to $17.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the stock. Raymond James' price target points to a potential upside of 16.63% from the company's previous close.

Other research analysts also recently issued reports about the company. Stifel Nicolaus cut their price objective 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 initiated coverage on NETSTREIT in a report on Monday, October 14th. They issued a "buy" rating and a $19.00 price target for the company. Truist Financial decreased their price objective on NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Mizuho cut their target price on shares of 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 shares of NETSTREIT from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $16.00 to $18.00 in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.75.

NETSTREIT Price Performance

NTST stock traded up $0.11 during midday trading on Friday, hitting $14.58. 1,073,041 shares of the stock were exchanged, compared to its average volume of 630,562. The stock's 50-day moving average price is $14.94 and its 200-day moving average price is $15.84. 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 stock has a market cap of $1.19 billion, a price-to-earnings ratio of -242.89 and a beta of 1.00. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $18.97.

NETSTREIT (NYSE:NTST - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.07) 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 business had revenue of $41.44 million during the quarter, compared to analysts' expectations of $41.10 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Research analysts predict that NETSTREIT will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NTST. Janney Montgomery Scott LLC purchased a new stake in shares of NETSTREIT during the 4th quarter worth about $198,000. SG Americas Securities LLC grew its stake in NETSTREIT by 12.9% during the fourth quarter. SG Americas Securities LLC now owns 37,604 shares of the company's stock worth $532,000 after buying an additional 4,284 shares during the period. Nordea Investment Management AB acquired a new stake in shares of NETSTREIT in the fourth quarter worth $6,714,000. JPMorgan Chase & Co. raised its stake in shares of NETSTREIT by 173.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after acquiring an additional 361,577 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of NETSTREIT during the 3rd quarter valued at $169,000.

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.