NETSTREIT (NYSE:NTST) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of NETSTREIT (NYSE:NTSTGet Rating) from a hold rating to a sell rating in a report issued on Saturday morning, Zacks.com reports.

According to Zacks, “NETSTREIT Corp. is an internally-managed real estate investment trust which acquires, owns and manages a diversified portfolio of single-tenant, retail commercial real estate. NETSTREIT Corp. is based in Dallas, United States. “

NTST stock opened at $23.24 on Friday. The stock has a 50 day moving average of $22.02. The firm has a market cap of $1.03 billion, a PE ratio of 332.00, a PEG ratio of 1.69 and a beta of 1.07. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.30. NETSTREIT has a 52 week low of $20.15 and a 52 week high of $26.92.

NETSTREIT (NYSE:NTSTGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.19). NETSTREIT had a return on equity of 0.45% and a net margin of 5.15%. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Sell-side analysts anticipate that NETSTREIT will post 1.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Tuesday, March 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Monday, March 14th. NETSTREIT’s dividend payout ratio is presently 1,142.86%.

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 1,563 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $21.36, for a total transaction of $33,385.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Walleye Capital LLC acquired a new position in NETSTREIT in the fourth quarter valued at approximately $437,000. BlackRock Inc. increased its holdings in shares of NETSTREIT by 6.8% during the 4th quarter. BlackRock Inc. now owns 2,955,338 shares of the company’s stock valued at $67,678,000 after purchasing an additional 189,017 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of NETSTREIT by 55.4% in the 4th quarter. Wells Fargo & Company MN now owns 31,676 shares of the company’s stock valued at $725,000 after purchasing an additional 11,295 shares during the period. Weiss Multi Strategy Advisers LLC boosted its holdings in NETSTREIT by 48.9% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 2,644,000 shares of the company’s stock worth $60,548,000 after buying an additional 868,869 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in NETSTREIT by 2.0% during the fourth quarter. California State Teachers Retirement System now owns 54,830 shares of the company’s stock valued at $1,256,000 after buying an additional 1,054 shares during the period.

About NETSTREIT (Get Rating)

NETSTREIT 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.

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Analyst Recommendations for NETSTREIT (NYSE:NTST)

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