NETSTREIT Corp. (NTST) – What Are Brokerages Saying About This Stock?

NETSTREIT Corp. (NYSE:NTST) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.67.

NTST has been the subject of several recent research reports. Citigroup dropped their target price on shares of NETSTREIT from $21.00 to $18.50 and set a “neutral” rating for the company in a research report on Monday, October 26th. Scotiabank dropped their price objective on shares of NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 24th. Cantor Fitzgerald reduced their target price on NETSTREIT from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Mizuho dropped their price target on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Finally, Robert W. Baird boosted their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd.

Institutional Trading of NETSTREIT

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in NETSTREIT by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after purchasing an additional 549 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of NETSTREIT by 3.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 22,800 shares of the company’s stock worth $403,000 after buying an additional 700 shares in the last quarter. Hohimer Wealth Management LLC raised its position in NETSTREIT by 6.4% in the third quarter. Hohimer Wealth Management LLC now owns 11,781 shares of the company’s stock valued at $208,000 after purchasing an additional 708 shares during the period. GAMMA Investing LLC grew its stake in NETSTREIT by 62.0% in the third quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock valued at $35,000 after purchasing an additional 753 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its holdings in shares of NETSTREIT by 43.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,543 shares of the company’s stock worth $80,000 after acquiring an additional 1,367 shares in the last quarter.

NETSTREIT Stock Down 0.1%

NYSE NTST opened at $18.81 on Monday. The firm has a 50-day simple moving average of $18.26 and a 200 day simple moving average of $19.80. NETSTREIT has a twelve month low of $16.18 and a twelve month high of $22.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.77 and a current ratio of 2.77. The stock has a market cap of $2.36 billion, a PE ratio of 85.52, a PEG ratio of 1.77 and a beta of 0.81.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). NETSTREIT had a return on equity of 1.33% and a net margin of 9.18%. The business had revenue of $66.26 million for the quarter, compared to analysts’ expectations of $60.55 million. On average, research analysts forecast that NETSTREIT will post 1.29 EPS for the current year.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.2250 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.90 annualized dividend and a yield of 4.8%. NETSTREIT’s payout ratio is presently 409.09%.

NETSTREIT Company Profile

NETSTREIT Corp. is a real estate investment trust focused on owning and managing outpatient healthcare properties in the United States. The company invests primarily in facilities that provide essential medical services, including physician offices, ambulatory care centers and other outpatient healthcare locations.

NETSTREIT generally leases its properties to healthcare providers under long-term, triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property taxes, insurance and maintenance expenses.