Mizuho Issues Pessimistic Forecast for NETSTREIT (NYSE:NTST) Stock Price

NETSTREIT (NYSE:NTST - Get Free Report) had its price target decreased by research analysts at Mizuho from $17.00 to $15.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price objective points to a potential upside of 9.49% from the stock's current price.

A number of other analysts have also commented on the company. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. UBS Group started coverage on shares of NETSTREIT in a research report on Monday, October 14th. They issued a "buy" rating and a $19.00 target price for the company. Stifel Nicolaus reduced their price target on shares of NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, Truist Financial lowered their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.04.

NETSTREIT Price Performance

NYSE NTST traded down $0.06 during trading hours on Wednesday, hitting $13.70. The company had a trading volume of 545,738 shares, compared to its average volume of 691,937. The firm has a 50 day simple moving average of $15.17 and a 200 day simple moving average of $15.95. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -228.30 and a beta of 1.00. NETSTREIT has a 52 week low of $13.53 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.

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 the consensus estimate of $0.30 by ($0.37). The company had revenue of $41.44 million during the quarter, compared to analysts' expectations 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 firm posted $0.31 earnings per share. Equities research analysts expect that NETSTREIT will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP purchased a new stake in shares of NETSTREIT in the second quarter worth about $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT in the 2nd quarter worth $83,000. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT during the third quarter worth about $166,000. M&G PLC acquired a new position in NETSTREIT during the 3rd quarter valued at approximately $173,000. Finally, Custom Index Systems LLC purchased a new position in shares of NETSTREIT in the third quarter worth 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.