NETSTREIT (NYSE:NTST) Given New $20.00 Price Target at Scotiabank

NETSTREIT (NYSE:NTST) had its target price boosted by Scotiabank from $18.00 to $20.00 in a report published on Wednesday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

NTST has been the topic of several other reports. Wells Fargo & Company upped their price target on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday. Robert W. Baird boosted their price objective on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 target price on shares of NETSTREIT in a report on Wednesday, July 30th. Bank of America upgraded NETSTREIT from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $18.00 to $19.00 in a report on Monday, July 28th. Finally, Truist Financial set a $19.00 price target on NETSTREIT in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, NETSTREIT presently has a consensus rating of “Buy” and an average price target of $19.58.

NETSTREIT Trading Down 0.5%

Shares of NETSTREIT stock opened at $18.33 on Wednesday. The stock has a market cap of $1.53 billion, a P/E ratio of -229.18, a P/E/G ratio of 4.23 and a beta of 0.89. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $19.18. The business’s 50 day moving average is $17.86 and its 200-day moving average is $16.31.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.21. NETSTREIT’s payout ratio is presently -1,050.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of NETSTREIT by 1,123.3% during the second 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. Assetmark Inc. increased its stake in shares of NETSTREIT by 126.3% during the first quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares during the period. CWM LLC lifted its holdings in NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after purchasing an additional 989 shares during the last quarter. Lazard Asset Management LLC bought a new stake in NETSTREIT in the 4th quarter valued at $41,000. Finally, State of Wyoming bought a new stake in NETSTREIT in the 1st quarter valued at $58,000.

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.