Raymond James Has Lowered Expectations for NETSTREIT (NYSE:NTST) Stock Price

NETSTREIT (NYSE:NTST) had its price target cut by equities researchers at Raymond James from $19.00 to $17.00 in a report released on Friday,Benzinga reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective indicates a potential upside of 16.63% from the stock’s current price.

Other research analysts have also issued research reports about the company. UBS Group began coverage on NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective on the stock. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Truist Financial dropped their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Mizuho decreased their target price on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their target price on 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

NETSTREIT Stock Performance

NTST opened at $14.58 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -242.89 and a beta of 1.00. The firm’s fifty day simple moving average is $14.94 and its two-hundred day simple moving average is $15.84. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT has a 52-week low of $13.42 and a 52-week high of $18.97.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the firm posted $0.31 earnings per share. Equities analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NETSTREIT

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