NETSTREIT (NYSE:NTST) Price Target Raised to $21.00

NETSTREIT (NYSE:NTST) had its price objective increased by Truist Financial from $20.00 to $21.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on NTST. Mizuho boosted their price target on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Cantor Fitzgerald lifted their price objective on shares of NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Raymond James Financial cut NETSTREIT from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $21.00 to $22.00 in a research note on Tuesday, March 17th. Finally, BTIG Research raised their price target on NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.58.

NETSTREIT Stock Performance

NYSE:NTST opened at $18.68 on Monday. The stock has a market cap of $1.81 billion, a P/E ratio of 207.50, a PEG ratio of 2.96 and a beta of 0.86. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75. The business’s 50-day moving average price is $19.60 and its two-hundred day moving average price is $18.63. NETSTREIT has a twelve month low of $14.00 and a twelve month high of $21.30.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.31). The business had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $50.98 million. NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%. As a group, equities analysts predict that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.7%. 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 977.78%.

Institutional Investors Weigh In On NETSTREIT

A number of institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. grew its holdings in shares of NETSTREIT by 171.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after purchasing an additional 2,544,458 shares during the last quarter. Millennium Management LLC raised its position in NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after purchasing an additional 1,782,158 shares during the period. William Blair Investment Management LLC bought a new stake in NETSTREIT in the third quarter worth $20,498,000. Hudson Bay Capital Management LP lifted its stake in NETSTREIT by 35.1% in the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after purchasing an additional 986,842 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in NETSTREIT by 37.9% during the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock valued at $63,813,000 after buying an additional 970,260 shares during the period.

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.