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

NETSTREIT (NYSE:NTST) had its price objective reduced by equities research analysts at Mizuho from $17.00 to $15.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 9.41% from the company’s current price.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus lowered their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Truist Financial cut their price target 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. UBS Group assumed coverage on shares of NETSTREIT in a research report on Monday, October 14th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.04.

NETSTREIT Stock Performance

Shares of NYSE:NTST traded down $0.05 during midday trading on Wednesday, reaching $13.71. The company had a trading volume of 34,144 shares, compared to its average volume of 597,858. The company’s 50 day moving average price is $15.21 and its 200 day moving average price is $15.97. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT has a 52-week low of $13.53 and a 52-week high of $18.97. The stock has a market cap of $1.12 billion, a P/E ratio of -228.46 and a beta of 1.00.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results 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). The business had revenue of $41.44 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.31 EPS. As a group, sell-side analysts anticipate that NETSTREIT will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On NETSTREIT

Hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB purchased a new stake in shares of NETSTREIT during the fourth quarter valued at approximately $6,714,000. JPMorgan Chase & Co. raised its position in NETSTREIT by 173.9% during the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company’s stock valued at $9,414,000 after purchasing an additional 361,577 shares during the period. Sanctuary Advisors LLC purchased a new position in NETSTREIT during the third quarter worth $169,000. Hohimer Wealth Management LLC bought a new position in NETSTREIT during the 3rd quarter valued at about $166,000. Finally, Geode Capital Management LLC lifted its stake in shares of NETSTREIT by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company’s stock worth $32,748,000 after acquiring an additional 112,047 shares during the last quarter.

NETSTREIT Company Profile

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.