NETSTREIT Corp. (NYSE:NTST) Stock Has Consensus Price Target of $21.67 According to Analysts

Key Points

• NETSTREIT has a “Moderate Buy” consensus from 14 analysts, with 13 buy ratings and one hold. The average 12-month price target is $21.67, above the stock’s reported $17.50 price.
• Recent analyst actions were mixed: Scotiabank, Mizuho and Cantor Fitzgerald reduced their price targets, while Robert W. Baird raised its target to $23 and Truist initiated coverage with a buy rating.
• NETSTREIT reported quarterly EPS of $0.08, missing the $0.09 consensus estimate, while revenue of $66.26 million exceeded expectations. The company declared a $0.225 quarterly dividend, equivalent to a 5.1% annualized yield.

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.67.

NTST has been the subject of several research analyst reports. 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 report on Thursday, September 24th. Mizuho decreased their price objective on NETSTREIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, October 19th. Robert W. Baird boosted their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Truist Financial initiated coverage on NETSTREIT in a research report on Thursday, October 1st. They issued a "buy" rating and a $21.00 price objective on the stock. Finally, Cantor Fitzgerald dropped their target price on shares of NETSTREIT from $25.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, October 23rd.

Institutional Trading of NETSTREIT

Several hedge funds have recently modified their holdings of NTST. Oregon Public Employees Retirement Fund grew its stake in NETSTREIT by 3.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,800 shares of the company's stock valued at $403,000 after purchasing an additional 700 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in NETSTREIT by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 278,289 shares of the company's stock valued at $4,920,000 after purchasing an additional 1,997 shares in the last quarter. State of Wyoming increased its position in NETSTREIT by 19.1% during the third quarter. State of Wyoming now owns 20,160 shares of the company's stock worth $356,000 after purchasing an additional 3,227 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in NETSTREIT by 43.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,543 shares of the company's stock valued at $80,000 after buying an additional 1,367 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new position in NETSTREIT in the 3rd quarter worth about $831,000.

NETSTREIT Stock Down 0.1%

Shares of NETSTREIT stock opened at $17.50 on Monday. The company has a market capitalization of $2.20 billion, a P/E ratio of 79.55, a PEG ratio of 1.73 and a beta of 0.81. NETSTREIT has a 1-year low of $16.18 and a 1-year high of $22.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.77 and a quick ratio of 2.77. The business's fifty day moving average price is $18.48 and its two-hundred day moving average price is $19.80.

NETSTREIT (NYSE:NTST - Get Free Report) last released its earnings results on Wednesday, October 21st. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The business had revenue of $66.26 million for the quarter, compared to analyst estimates of $60.55 million. NETSTREIT had a return on equity of 1.33% and a net margin of 9.18%. As a group, research analysts forecast that NETSTREIT will post 1.29 EPS for the current year.

NETSTREIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.2250 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.90 annualized dividend and a yield of 5.1%. NETSTREIT's dividend payout ratio is 409.09%.

About NETSTREIT

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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