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NetSTREIT Corp. (NASDAQ:NTST) Receives Average Recommendation of "Buy" from Analysts

Last updated on Sunday, November 22, 2020 | 2020 MarketBeat

Shares of NetSTREIT Corp. (NASDAQ:NTST) have been given a consensus recommendation of "Buy" by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.39.

NTST has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on shares of NetSTREIT in a research note on Tuesday, September 8th. They set a "buy" rating and a $22.50 price target on the stock. Wells Fargo & Company initiated coverage on shares of NetSTREIT in a research note on Tuesday, September 8th. They set an "overweight" rating and a $20.50 price target on the stock. BTIG Research initiated coverage on shares of NetSTREIT in a research note on Tuesday, September 8th. They set a "buy" rating and a $21.00 price target on the stock. Truist initiated coverage on shares of NetSTREIT in a research note on Tuesday, September 8th. They set a "buy" rating and a $23.00 price target on the stock. Finally, Bank of America initiated coverage on shares of NetSTREIT in a research note on Tuesday, September 8th. They set a "buy" rating and a $21.00 price target on the stock.

Shares of NTST stock opened at $17.97 on Friday. NetSTREIT has a 12-month low of $16.77 and a 12-month high of $19.82. The stock has a 50 day moving average of $18.29.

NetSTREIT (NASDAQ:NTST) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by ($0.27).

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.45%. This is an increase from NetSTREIT's previous quarterly dividend of $0.10. The ex-dividend date is Monday, November 30th.

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of NetSTREIT during the 3rd quarter valued at $108,000. American International Group Inc. bought a new stake in NetSTREIT in the 3rd quarter valued at $131,000. Quantitative Systematic Strategies LLC bought a new stake in NetSTREIT in the 3rd quarter valued at $264,000. California State Teachers Retirement System bought a new stake in NetSTREIT in the 3rd quarter valued at $332,000. Finally, Wells Fargo & Company MN bought a new stake in NetSTREIT in the 3rd quarter valued at $395,000.

NetSTREIT Company Profile

NetSTREIT is a 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 single tenant real estate properties net leased to e-commerce resistant tenants with healthy balance sheets.

Read More: How Do Front-End Loads Impact an Investment?

Analyst Recommendations for NetSTREIT (NASDAQ:NTST)

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