NETSTREIT (NYSE:NTST) Stock Gets Price Target Cut from Mizuho

NETSTREIT (NYSE:NTST) had its target price decreased by Mizuho from $20.00 to $19.00 in a report issued on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group reiterated a “buy” rating and set a $25.00 target price on shares of NETSTREIT in a research note on Wednesday, July 29th. BMO Capital Markets upped their price objective on NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Scotiabank lowered their target price on NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating on the stock in a report on Thursday, September 24th. Stifel Nicolaus increased their target price on NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, BTIG Research raised their target price on NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NETSTREIT has a consensus rating of “Moderate Buy” and an average target price of $22.46.

NETSTREIT Stock Down 3.4%

NTST opened at $16.48 on Monday. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average price of $18.92 and a 200-day moving average price of $20.06. NETSTREIT has a twelve month low of $16.41 and a twelve month high of $22.47. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 109.84, a PEG ratio of 2.22 and a beta of 0.80.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The company had revenue of $66.26 million for the quarter, compared to the consensus estimate of $60.55 million. Equities research analysts forecast that NETSTREIT will post 1.30 earnings per share for the current year.

Institutional Investors Weigh In On NETSTREIT

Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc increased its stake in shares of NETSTREIT by 1,163.1% in the 3rd quarter. Versant Capital Management Inc now owns 1,642 shares of the company’s stock worth $29,000 after purchasing an additional 1,512 shares in the last quarter. GAMMA Investing LLC lifted its position in NETSTREIT by 62.0% during the third quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock valued at $35,000 after purchasing an additional 753 shares in the last quarter. Parallel Advisors LLC lifted its position in NETSTREIT by 175.2% during the first quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock valued at $69,000 after purchasing an additional 2,343 shares in the last quarter. KBC Group NV bought a new stake in NETSTREIT during the first quarter valued at about $78,000. Finally, PNC Financial Services Group Inc. grew its holdings in NETSTREIT by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after purchasing an additional 549 shares during the period.

About NETSTREIT

NETSTREIT Corp. is a real estate investment trust focused on owning and managing outpatient healthcare properties in the United States. The company invests primarily in facilities that provide essential medical services, including physician offices, ambulatory care centers and other outpatient healthcare locations.

NETSTREIT generally leases its properties to healthcare providers under long-term, triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property taxes, insurance and maintenance expenses.