NETSTREIT (NYSE:NTST) Price Target Cut to $15.00 by Analysts at Mizuho

by · The Markets Daily

NETSTREIT (NYSE:NTST – Free Report) had its price objective decreased by Mizuho from $17.00 to $15.00 in a research report report published on Wednesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

NTST has been the topic of a number of other reports. Truist Financial decreased their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. UBS Group began coverage on shares of NETSTREIT in a research report on Monday, October 14th. They set a “buy” rating and a $19.00 target price on the stock. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $18.00 in a report on Monday, November 11th. Finally, Stifel Nicolaus decreased their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.04.

Check Out Our Latest Research Report on NETSTREIT

NETSTREIT Stock Down 0.4 %

NTST opened at $13.70 on Wednesday. NETSTREIT has a 52 week low of $13.53 and a 52 week high of $18.97. The business has a 50 day moving average price of $15.17 and a two-hundred day moving average price of $15.95. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.12 billion, a PE ratio of -228.30 and a beta of 1.00.

NETSTREIT (NYSE:NTST – Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.37). The firm had revenue of $41.44 million during the quarter, compared to analysts’ expectations of $41.10 million. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. During the same period in the previous year, the firm earned $0.31 EPS. As a group, research analysts anticipate that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.21 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 6.13%. NETSTREIT’s dividend payout ratio is presently -1,400.00%.

Institutional Trading of NETSTREIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in NETSTREIT in the 2nd quarter worth approximately $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT during the second quarter worth $83,000. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT in the third quarter valued at $166,000. Sanctuary Advisors LLC acquired a new position in NETSTREIT in the third quarter valued at $169,000. Finally, Custom Index Systems LLC purchased a new position in NETSTREIT during the third quarter worth about $170,000.

About NETSTREIT

(Get Free Report)

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.

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