NETSTREIT (NYSE:NTST - Get Free Report) was upgraded by analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a report released on Monday,Briefing.com Automated Import reports. The firm currently has a $18.00 target price on the stock, up from their prior target price of $16.00. Scotiabank's price objective would indicate a potential upside of 11.52% from the stock's current price.
A number of other equities research analysts have also recently commented on the company. Raymond James raised NETSTREIT from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from $20.00 to $19.00 in a report on Wednesday, August 21st. Wedbush began coverage on shares of NETSTREIT in a report on Monday, August 19th. They set a "neutral" rating and a $17.00 price objective for the company. UBS Group initiated coverage on shares of NETSTREIT in a research note on Monday, October 14th. They set a "buy" rating and a $19.00 target price for the company. Finally, Stifel Nicolaus dropped their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a "buy" rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.30.
Get Our Latest Stock Analysis on NETSTREIT
Shares of NETSTREIT stock opened at $16.14 on Monday. The stock's fifty day moving average is $16.23 and its 200 day moving average is $16.60. NETSTREIT has a one year low of $14.92 and a one year high of $18.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.08 and a current ratio of 4.11. The stock has a market cap of $1.32 billion, a P/E ratio of -268.96 and a beta of 0.97.
NETSTREIT (NYSE:NTST - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.37). The company had revenue of $41.44 million for 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 quarter last year, the firm posted $0.31 earnings per share. Sell-side analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current year.
Several large investors have recently modified their holdings of the business. Natixis Advisors LLC lifted its stake in shares of NETSTREIT by 3.7% during the 3rd quarter. Natixis Advisors LLC now owns 26,051 shares of the company's stock worth $431,000 after acquiring an additional 941 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of NETSTREIT by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company's stock valued at $228,000 after purchasing an additional 977 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of NETSTREIT by 5.9% during the third quarter. IFM Investors Pty Ltd now owns 17,939 shares of the company's stock valued at $297,000 after purchasing an additional 1,001 shares during the period. Van ECK Associates Corp grew its holdings in shares of NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company's stock worth $182,000 after purchasing an additional 1,359 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in NETSTREIT by 4.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company's stock valued at $609,000 after buying an additional 1,490 shares in the last quarter.
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.
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