NETSTREIT (NYSE:NTST) Price Target Lowered to $15.00 at Mizuho

NETSTREIT (NYSE:NTST) had its price objective reduced by Mizuho from $17.00 to $15.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on NTST. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Truist Financial dropped their price target on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. UBS Group assumed coverage on shares of NETSTREIT in a research note on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Stifel Nicolaus dropped their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.04.

NETSTREIT Price Performance

NETSTREIT stock opened at $13.70 on Wednesday. The firm has a fifty day moving average of $15.17 and a 200-day moving average of $15.95. NETSTREIT has a 52-week low of $13.53 and a 52-week high of $18.97. 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 firm has a market capitalization of $1.12 billion, a P/E ratio of -228.30 and a beta of 1.00.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. The firm had revenue of $41.44 million during the quarter, compared to analyst estimates of $41.10 million. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, analysts predict that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 yield of 6.13%. NETSTREIT’s dividend payout ratio is -1,400.00%.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in NETSTREIT in the 2nd quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new stake in NETSTREIT during the second quarter worth $83,000. Hohimer Wealth Management LLC bought a new stake in NETSTREIT in the 3rd quarter valued at $166,000. Sanctuary Advisors LLC acquired a new position in shares of NETSTREIT in the 3rd quarter valued at $169,000. Finally, Custom Index Systems LLC bought a new position in shares of NETSTREIT during the 3rd quarter worth about $170,000.

About NETSTREIT

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.