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

NETSTREIT Corp. (NYSE:NTST) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.50.

A number of research analysts have issued reports on NTST shares. Mizuho increased their target price on shares of NETSTREIT from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. UBS Group boosted their price target on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Cantor Fitzgerald upped their price target on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Raymond James Financial downgraded NETSTREIT from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $21.00 to $22.00 in a research note on Tuesday, March 17th. Finally, Scotiabank lifted their price objective on NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, March 2nd.

Institutional Investors Weigh In On NETSTREIT

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its holdings in NETSTREIT by 49.3% during the 4th quarter. Hsbc Holdings PLC now owns 230,682 shares of the company’s stock valued at $4,064,000 after acquiring an additional 76,181 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of NETSTREIT by 11.5% in the fourth quarter. Corient Private Wealth LLC now owns 40,072 shares of the company’s stock valued at $707,000 after purchasing an additional 4,125 shares in the last quarter. Invesco Ltd. grew its position in shares of NETSTREIT by 7.7% in the fourth quarter. Invesco Ltd. now owns 276,815 shares of the company’s stock valued at $4,883,000 after purchasing an additional 19,745 shares during the last quarter. XTX Topco Ltd grew its position in shares of NETSTREIT by 788.4% in the fourth quarter. XTX Topco Ltd now owns 123,831 shares of the company’s stock valued at $2,184,000 after purchasing an additional 109,892 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of NETSTREIT by 0.4% during the 4th quarter. Voloridge Investment Management LLC now owns 513,457 shares of the company’s stock worth $9,057,000 after purchasing an additional 2,015 shares in the last quarter.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $18.95 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12. NETSTREIT has a one year low of $14.00 and a one year high of $21.30. The firm has a market capitalization of $1.84 billion, a P/E ratio of 210.50, a PEG ratio of 2.94 and a beta of 0.86. The company’s fifty day moving average is $19.52 and its two-hundred day moving average is $18.61.

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

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.22 per share. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 annualized dividend and a dividend yield of 4.6%. NETSTREIT’s dividend payout ratio is presently 977.78%.

NETSTREIT Company Profile

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.