NETSTREIT Corp. (NYSE:NTST) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NETSTREIT Corp. (NYSE:NTST) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $17.88.

Several analysts have recently commented on the stock. Scotiabank lowered their price target on shares of NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Wedbush initiated coverage on NETSTREIT in a report on Monday, August 19th. They set a “neutral” rating and a $17.00 target price on the stock. Finally, Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $20.00 to $19.00 in a research report on Wednesday, August 21st.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently added to or reduced their stakes in NTST. Quarry LP acquired a new stake in NETSTREIT in the 2nd quarter worth about $45,000. Parallel Advisors LLC lifted its holdings in shares of NETSTREIT by 702.3% during the 4th quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after acquiring an additional 3,013 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT in the second quarter worth approximately $83,000. Quadrant Capital Group LLC grew its holdings in NETSTREIT by 204.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,361 shares of the company’s stock valued at $149,000 after purchasing an additional 5,619 shares during the period. Finally, Van ECK Associates Corp grew its holdings in NETSTREIT by 13.7% in 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 Stock Down 2.1 %

NETSTREIT stock opened at $16.62 on Wednesday. NETSTREIT has a fifty-two week low of $13.49 and a fifty-two week high of $18.97. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 184.67 and a beta of 0.97. The stock’s fifty day moving average is $16.57 and its two-hundred day moving average is $16.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.08 and a current ratio of 4.08.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Monday, July 29th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.33). NETSTREIT had a return on equity of 0.39% and a net margin of 3.32%. The business had revenue of $39.57 million during the quarter, compared to analysts’ expectations of $39.31 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Analysts predict that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.21 per share. This is a boost from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, September 3rd. This represents a $0.84 annualized dividend and a dividend yield of 5.05%. NETSTREIT’s dividend payout ratio (DPR) is 933.33%.

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.