Stifel Nicolaus Has Lowered Expectations for NETSTREIT (NYSE:NTST) Stock Price

NETSTREIT (NYSE:NTST) had its price target cut by investment analysts at Stifel Nicolaus from $23.50 to $21.25 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 28.98% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of NETSTREIT from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday. BTIG Research lifted their price objective on shares of NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Robert W. Baird boosted their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Scotiabank dropped their target price on shares of NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating on the stock in a report on Thursday, September 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NETSTREIT in a research note on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NETSTREIT has a consensus rating of “Moderate Buy” and an average price target of $22.27.

NETSTREIT Stock Down 3.4%

Shares of NTST stock opened at $16.48 on Thursday. NETSTREIT has a 1 year low of $16.41 and a 1 year high of $22.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The business’s fifty day moving average is $18.92 and its 200-day moving average is $20.06. The stock has a market cap of $1.67 billion, a PE ratio of 109.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80.

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

Institutional Investors Weigh In On NETSTREIT

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

NETSTREIT Company Profile

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.