Mizuho Issues Pessimistic Forecast for NETSTREIT (NYSE:NTST) Stock Price

by · The Markets Daily

NETSTREIT (NYSE:NTST – Get Free Report) had its price target reduced by stock analysts at Mizuho from $20.00 to $19.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential upside of 11.40% from the stock’s current price.

NTST has been the topic of a number of other research reports. Robert W. Baird increased their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Scotiabank decreased their price objective on shares of NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NETSTREIT in a research note on Friday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NETSTREIT in a research report on Thursday, October 1st. Finally, BTIG Research increased their price objective on shares of NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, NETSTREIT has a consensus rating of “Moderate Buy” and a consensus price target of $22.46.

Read Our Latest Report on NETSTREIT

NETSTREIT Stock Performance

NYSE:NTST opened at $17.05 on Monday. The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $20.08. NETSTREIT has a twelve month low of $16.63 and a twelve month high of $22.47. The company has a market capitalization of $1.73 billion, a P/E ratio of 113.70, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80.

NETSTREIT (NYSE:NTST – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%. The company had revenue of $61.28 million for the quarter, compared to analyst estimates of $56.41 million. As a group, research analysts expect that NETSTREIT will post 1.30 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NTST. Bank of America Corp DE acquired a new position in NETSTREIT during the 2nd quarter valued at approximately $63,046,000. Public Employees Retirement System of Ohio acquired a new position in NETSTREIT during the 2nd quarter valued at about $2,339,000. Hsbc Holdings PLC raised its holdings in NETSTREIT by 33.3% during the second quarter. Hsbc Holdings PLC now owns 448,926 shares of the company’s stock worth $9,579,000 after purchasing an additional 112,169 shares in the last quarter. Dockside LLC bought a new stake in shares of NETSTREIT in the 2nd quarter worth $1,202,000. Finally, William Blair Investment Management LLC bought a new stake in NETSTREIT in the second quarter worth about $17,695,000.

NETSTREIT Company Profile

(Get Free Report)

NETSTREIT Corp. is a real estate investment trust focused on owning and managing outpatient healthcare properties in the United States. The company invests primarily in facilities that provide essential medical services, including physician offices, ambulatory care centers and other outpatient healthcare locations.

NETSTREIT generally leases its properties to healthcare providers under long-term, triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property taxes, insurance and maintenance expenses.

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