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

NETSTREIT Corp. (NYSE:NTSTGet Rating) has earned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a 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 $28.25.

Separately, Zacks Investment Research cut shares of NETSTREIT from a “hold” rating to a “sell” rating in a report on Saturday.

NYSE:NTST traded up $0.36 during midday trading on Wednesday, reaching $23.36. 314,060 shares of the stock traded hands, compared to its average volume of 511,871. NETSTREIT has a 12-month low of $20.15 and a 12-month high of $26.92. The business has a 50-day moving average of $22.06 and a two-hundred day moving average of $22.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market capitalization of $1.04 billion, a PE ratio of 333.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Tuesday, March 15th were paid a $0.20 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.42%. NETSTREIT’s payout ratio is currently 1,142.86%.

In other news, Director Robin Mcbride Zeigler sold 1,563 shares of the stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $21.36, for a total value of $33,385.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in NTST. Alliancebernstein L.P. grew its position in NETSTREIT by 397.8% during the third quarter. Alliancebernstein L.P. now owns 2,085,823 shares of the company’s stock valued at $49,330,000 after buying an additional 1,666,810 shares during the period. Morgan Stanley grew its position in NETSTREIT by 49.9% during the second quarter. Morgan Stanley now owns 2,923,331 shares of the company’s stock valued at $67,411,000 after buying an additional 973,551 shares during the period. Weiss Multi Strategy Advisers LLC lifted 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 valued at $60,548,000 after purchasing an additional 868,869 shares in the last quarter. Deutsche Bank AG lifted its holdings in NETSTREIT by 90.6% during the third quarter. Deutsche Bank AG now owns 1,789,543 shares of the company’s stock valued at $42,322,000 after purchasing an additional 850,667 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in NETSTREIT by 259.0% during the fourth quarter. Millennium Management LLC now owns 810,753 shares of the company’s stock valued at $18,566,000 after purchasing an additional 584,920 shares in the last quarter.

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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