NETSTREIT (NYSE:NTST) Receives New Coverage from Analysts at Wedbush

Investment analysts at Wedbush started coverage on shares of NETSTREIT (NYSE:NTST) in a report released on Monday, Marketbeat reports. The brokerage set a “neutral” rating and a $17.00 price target on the stock. Wedbush’s target price points to a potential upside of 3.91% from the stock’s current price.

Separately, Scotiabank dropped their price target on NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.75.

NETSTREIT Stock Up 0.2 %

Shares of NTST opened at $16.36 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.08 and a quick ratio of 4.30. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 181.78, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. NETSTREIT has a 1 year low of $13.49 and a 1 year high of $18.97. The business’s 50 day simple moving average is $16.44 and its 200-day simple moving average is $17.01.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Monday, July 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.33). NETSTREIT had a net margin of 3.32% and a return on equity of 0.39%. The business had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $39.31 million. During the same period in the previous year, the company earned $0.30 EPS. As a group, equities analysts expect that NETSTREIT will post 1.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NTST. GSA Capital Partners LLP lifted its stake in shares of NETSTREIT by 173.4% during the 1st quarter. GSA Capital Partners LLP now owns 88,908 shares of the company’s stock worth $1,633,000 after acquiring an additional 56,393 shares during the last quarter. Wellington Management Group LLP increased its stake in NETSTREIT by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,743,007 shares of the company’s stock worth $48,963,000 after purchasing an additional 69,005 shares during the period. Capstone Investment Advisors LLC bought a new stake in shares of NETSTREIT during the first quarter worth $2,068,000. Signaturefd LLC boosted its stake in shares of NETSTREIT by 266.9% during the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock valued at $88,000 after purchasing an additional 3,568 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of NETSTREIT by 14.5% during the fourth quarter. Principal Financial Group Inc. now owns 4,156,810 shares of the company’s stock valued at $74,199,000 after purchasing an additional 526,794 shares during the period.

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.