UBS Group Increases NETSTREIT (NYSE:NTST) Price Target to $21.00

NETSTREIT (NYSE:NTST) had its target price hoisted by UBS Group from $20.00 to $21.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

NTST has been the topic of a number of other reports. Robert W. Baird raised their target price on NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Truist Financial set a $19.00 target price on NETSTREIT in a research note on Friday, July 25th. Raymond James Financial reiterated a “strong-buy” rating and issued a $21.00 target price on shares of NETSTREIT in a research note on Wednesday, July 30th. Finally, Bank of America upgraded NETSTREIT from an “underperform” rating to a “neutral” rating and raised their target price for the company from $18.00 to $19.00 in a research note on Monday, July 28th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $18.93.

NETSTREIT Stock Performance

NETSTREIT stock opened at $18.79 on Friday. The company has a market cap of $1.57 billion, a PE ratio of -234.88, a P/E/G ratio of 4.32 and a beta of 0.89. The company has a fifty day moving average price of $17.51 and a two-hundred day moving average price of $16.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.83 and a quick ratio of 3.83. NETSTREIT has a 12 month low of $13.42 and a 12 month high of $19.01.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.215 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 2nd. NETSTREIT’s dividend payout ratio (DPR) is presently -1,050.00%.

Institutional Investors Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC bought a new stake in NETSTREIT in the fourth quarter worth about $236,000. Geode Capital Management LLC raised its position in NETSTREIT by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 2,022,772 shares of the company’s stock worth $28,628,000 after acquiring an additional 41,972 shares in the last quarter. Wells Fargo & Company MN raised its position in NETSTREIT by 37.4% in the fourth quarter. Wells Fargo & Company MN now owns 178,146 shares of the company’s stock worth $2,521,000 after acquiring an additional 48,521 shares in the last quarter. Envestnet Asset Management Inc. raised its position in NETSTREIT by 520.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 154,408 shares of the company’s stock worth $2,185,000 after acquiring an additional 129,516 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in NETSTREIT in the fourth quarter worth about $2,322,000.

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.