NETSTREIT (NYSE:NTST) Price Target Cut to $19.00 by Analysts at Mizuho

NETSTREIT (NYSE:NTST) had its price objective trimmed by Mizuho from $20.00 to $19.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently commented on NTST. Robert W. Baird increased their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a report on Wednesday, August 27th. Truist Financial lifted their target price on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Finally, Stifel Nicolaus upped their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, NETSTREIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.45.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $17.56 on Wednesday. The stock’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $17.93. The firm has a market capitalization of $1.47 billion, a PE ratio of -1,755,700.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.90. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $19.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.32). NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. The business had revenue of $48.31 million during the quarter, compared to analyst estimates of $47.78 million. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. As a group, equities research analysts forecast that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.215 per share. The ex-dividend date was Monday, December 1st. This represents a $0.86 annualized dividend and a yield of 4.9%.

Hedge Funds Weigh In On NETSTREIT

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,640 shares during the last quarter. State of Wyoming purchased a new position in shares of NETSTREIT during the first quarter valued at approximately $58,000. CWM LLC boosted its holdings in shares of NETSTREIT by 108.0% during the second quarter. CWM LLC now owns 4,687 shares of the company’s stock worth $79,000 after purchasing an additional 2,434 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in NETSTREIT by 39.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company’s stock worth $132,000 after buying an additional 2,051 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in shares of NETSTREIT in the third quarter worth approximately $159,000.

NETSTREIT Company Profile

NETSTREIT Corp. 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.