NETSTREIT (NYSE:NTST) Now Covered by UBS Group

UBS Group began coverage on shares of NETSTREIT (NYSE:NTST) in a research note issued to investors on Monday, Marketbeat.com reports. The firm issued a buy rating and a $19.00 target price on the stock.

A number of other research analysts have also recently weighed in on NTST. Wedbush began coverage on NETSTREIT in a report on Monday, August 19th. They issued a “neutral” rating and a $17.00 target price on the stock. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. Finally, Scotiabank dropped their target price on shares of NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.98.

NETSTREIT Trading Up 2.7 %

NYSE NTST opened at $16.74 on Monday. The company has a market cap of $1.23 billion, a P/E ratio of 186.00 and a beta of 0.96. NETSTREIT has a 12 month low of $13.49 and a 12 month high of $18.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.08 and a quick ratio of 4.08. The company has a 50-day moving average of $16.38 and a 200-day moving average of $16.77.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.33). The company had revenue of $39.57 million for the quarter, compared to analyst estimates of $39.31 million. NETSTREIT had a return on equity of 0.39% and a net margin of 3.32%. During the same period last year, the company posted $0.30 EPS. As a group, equities analysts predict that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.21 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.84 annualized dividend and a yield of 5.02%. NETSTREIT’s payout ratio is 933.33%.

Institutional Trading of NETSTREIT

Several large investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of NETSTREIT in the second quarter worth about $45,000. Point72 DIFC Ltd acquired a new position in shares of NETSTREIT in the 2nd quarter valued at approximately $83,000. Van ECK Associates Corp raised its position in shares of NETSTREIT by 13.7% in the 2nd quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock valued at $182,000 after purchasing an additional 1,359 shares in the last quarter. Quest Partners LLC purchased a new position in shares of NETSTREIT during the 2nd quarter valued at approximately $202,000. Finally, ProShare Advisors LLC grew its position in shares of NETSTREIT by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock worth $228,000 after buying an additional 977 shares in 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.