NETSTREIT (NYSE:NTST) Price Target Raised to $24.00

NETSTREIT (NYSE:NTST) had its price target raised by UBS Group from $21.00 to $24.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

NTST has been the subject of a number of other research reports. Truist Financial lifted their target price on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Scotiabank raised their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. BTIG Research lifted their price objective on shares of NETSTREIT from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Finally, Cantor Fitzgerald increased their target price on shares of NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.42.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $20.27 on Monday. The firm has a market cap of $1.97 billion, a P/E ratio of 225.19, a price-to-earnings-growth ratio of 3.21 and a beta of 0.86. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. NETSTREIT has a 1-year low of $14.00 and a 1-year high of $21.30. The business’s 50 day moving average is $19.19 and its 200-day moving average is $18.53.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.31). NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. The firm had revenue of $52.50 million during the quarter, compared to the consensus estimate of $50.98 million. Equities research analysts predict that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.3%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 16th. NETSTREIT’s payout ratio is presently 977.78%.

Institutional Investors Weigh In On NETSTREIT

A number of large investors have recently bought and sold shares of NTST. Loomis Sayles & Co. L P increased its holdings in NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after buying an additional 1,333 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NETSTREIT by 36.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after acquiring an additional 650 shares in the last quarter. Kestra Advisory Services LLC bought a new position in NETSTREIT in the fourth quarter valued at approximately $44,000. Finally, Inspire Investing LLC bought a new position in NETSTREIT in the fourth quarter valued at approximately $45,000.

NETSTREIT Company Profile

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.