NETSTREIT Corp. (NYSE:NTST) Given Consensus Rating of “Moderate Buy” by Analysts

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

A number of equities research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Scotiabank restated an “outperform” rating on shares of NETSTREIT in a research note on Monday, February 2nd. Stifel Nicolaus lifted their target price on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Truist Financial increased their price target on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th.

Institutional Investors Weigh In On NETSTREIT

Several institutional investors and hedge funds have recently bought and sold shares of NTST. Loomis Sayles & Co. L P lifted 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 worth $26,000 after purchasing an additional 1,333 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NETSTREIT by 36.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after buying an additional 650 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of NETSTREIT in the 4th quarter worth approximately $44,000. Finally, Inspire Investing LLC bought a new position in shares of NETSTREIT in the fourth quarter valued at approximately $45,000.

NETSTREIT Stock Up 0.4%

Shares of NYSE:NTST opened at $20.41 on Wednesday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.98 billion, a P/E ratio of 226.73, a P/E/G ratio of 3.18 and a beta of 0.88. NETSTREIT has a 52-week low of $14.00 and a 52-week high of $20.68. The stock’s fifty day simple moving average is $18.47 and its 200-day simple moving average is $18.37.

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

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.22 dividend. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, March 16th. NETSTREIT’s dividend payout ratio is presently 955.56%.

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.