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

Shares of NETSTREIT Corp. (NYSE:NTST) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.6364.

Several analysts have recently issued reports on the stock. Cantor Fitzgerald increased their price target on shares of NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Truist Financial increased their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Finally, Mizuho reduced their price objective on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th.

NETSTREIT Trading Up 0.8%

Shares of NYSE NTST opened at $20.78 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.02 billion, a PE ratio of 230.91, a PEG ratio of 3.24 and a beta of 0.86. NETSTREIT has a twelve month low of $14.00 and a twelve month high of $21.13. The stock has a fifty day simple moving average of $18.67 and a 200-day simple moving average of $18.41.

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

NETSTREIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 dividend on an annualized basis and a yield of 4.2%. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio is 955.56%.

Institutional Trading of NETSTREIT

A number of large investors have recently made changes to their positions in NTST. Loomis Sayles & Co. L P raised its holdings in NETSTREIT by 959.0% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in NETSTREIT by 1,123.3% during the 2nd 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of NETSTREIT by 36.3% in the 4th 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 last quarter. Kestra Advisory Services LLC acquired a new stake in shares of NETSTREIT in the 4th quarter valued at $44,000. Finally, Inspire Investing LLC purchased a new stake in shares of NETSTREIT during the 4th quarter worth $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.