NETSTREIT (NYSE:NTST) Price Target Cut to $15.00 by Analysts at Mizuho

NETSTREIT (NYSE:NTST) had its price target cut by 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 price target points to a potential upside of 9.41% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. UBS Group began coverage on shares of NETSTREIT in a research note on Monday, October 14th. They set a “buy” rating and a $19.00 price objective for the company. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $16.00 to $18.00 in a research report on Monday, November 11th. Truist Financial reduced their price target on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, Stifel Nicolaus cut their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.04.

NETSTREIT Stock Performance

NTST stock traded down $0.05 during 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 has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. NETSTREIT has a twelve month low of $13.53 and a twelve month high of $18.97. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -228.46 and a beta of 1.00. The firm has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $15.97.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results 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 business had revenue of $41.44 million for the quarter, compared to analysts’ expectations of $41.10 million. NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. During the same quarter in the prior year, the company posted $0.31 EPS. As a group, sell-side analysts expect that NETSTREIT will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NTST. Quarry LP acquired a new stake in shares of NETSTREIT in the second quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new stake in NETSTREIT in the 2nd quarter valued at about $83,000. Hohimer Wealth Management LLC purchased a new position in NETSTREIT during the third quarter worth $166,000. Sanctuary Advisors LLC purchased a new position in shares of NETSTREIT during the third quarter valued at approximately $169,000. Finally, Custom Index Systems LLC purchased a new position in NETSTREIT during the third quarter worth about $170,000.

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.