NETSTREIT Corp. (NYSE:NTST) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NETSTREIT Corp. (NYSE:NTST) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.50.

A number of research firms recently commented on NTST. Scotiabank lifted their price objective on NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. Cantor Fitzgerald lifted their price target on shares of NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. UBS Group upped their price objective on shares of NETSTREIT from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Raymond James Financial cut shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $21.00 to $22.00 in a research note on Tuesday, March 17th.

NETSTREIT Price Performance

Shares of NYSE:NTST opened at $18.95 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12. The business’s fifty day moving average price is $19.52 and its two-hundred day moving average price is $18.61. The stock has a market cap of $1.84 billion, a PE ratio of 210.50, a price-to-earnings-growth ratio of 2.94 and a beta of 0.86. NETSTREIT has a one year low of $14.00 and a one year high of $21.30.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%.The company had revenue of $52.50 million during the quarter, compared to analyst estimates of $50.98 million. On average, analysts forecast that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.22 dividend. The ex-dividend date is Monday, March 16th. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.6%. NETSTREIT’s payout ratio is currently 977.78%.

Institutional Trading of NETSTREIT

Hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P increased its stake in shares of NETSTREIT by 959.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after acquiring an additional 1,333 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,640 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in NETSTREIT by 36.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock valued at $43,000 after purchasing an additional 650 shares during the period. Kestra Advisory Services LLC purchased a new stake in NETSTREIT in the fourth quarter valued at approximately $44,000. Finally, Inspire Investing LLC acquired a new position in NETSTREIT during the fourth quarter worth approximately $45,000.

About NETSTREIT

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.