Brokerages Set NETSTREIT Corp. (NYSE:NTST) Price Target at $21.50

Shares of NETSTREIT Corp. (NYSE:NTST) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.5833.

Several research firms recently issued reports on NTST. Raymond James Financial lowered NETSTREIT from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $21.00 to $22.00 in a research report on Tuesday, March 17th. UBS Group lifted their price objective on shares of NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Mizuho boosted their target price on shares of NETSTREIT from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. 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 report on Tuesday, February 17th.

Hedge Funds Weigh In On NETSTREIT

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

NETSTREIT Stock Up 0.3%

NYSE:NTST opened at $18.72 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 208.00, a price-to-earnings-growth ratio of 2.90 and a beta of 0.86. NETSTREIT has a one year low of $14.00 and a one year high of $21.30. The stock has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $18.63.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $50.98 million. Sell-side analysts predict that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s payout ratio is currently 977.78%.

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.