NETSTREIT (NYSE:NTST) Downgraded to “Outperform” Rating by Raymond James Financial

Raymond James Financial lowered shares of NETSTREIT (NYSE:NTST) from a strong-buy rating to an outperform rating in a research report report published on Tuesday, Marketbeat.com reports. Raymond James Financial currently has $22.00 price objective on the stock, up from their previous price objective of $21.00.

NTST has been the topic of several other research reports. UBS Group increased their target price on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Scotiabank upped their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. BTIG Research raised their price objective on shares of NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, Truist Financial raised their price objective on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, NETSTREIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

NETSTREIT Stock Performance

NYSE:NTST opened at $20.09 on Tuesday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 223.24, a price-to-earnings-growth ratio of 3.13 and a beta of 0.86. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. NETSTREIT has a 1 year low of $14.00 and a 1 year high of $21.30. The firm has a 50 day moving average of $19.40 and a 200-day moving average of $18.58.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 EPS 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 the consensus estimate of $50.98 million. As a group, sell-side analysts anticipate that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.22 dividend. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, March 16th. NETSTREIT’s payout ratio is presently 977.78%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in shares of NETSTREIT by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 9,226,348 shares of the company’s stock worth $162,753,000 after purchasing an additional 268,275 shares during the period. Vanguard Group Inc. grew its holdings in NETSTREIT by 7.8% during the third quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock valued at $161,841,000 after purchasing an additional 646,153 shares during the period. Alyeska Investment Group L.P. increased its position in NETSTREIT by 171.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after buying an additional 2,544,458 shares during the last quarter. Hudson Bay Capital Management LP raised its stake in shares of NETSTREIT by 4.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock valued at $69,791,000 after buying an additional 161,787 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted its position in shares of NETSTREIT by 13.8% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,836,565 shares of the company’s stock valued at $64,953,000 after buying an additional 464,980 shares during the last quarter.

About NETSTREIT

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.