NETSTREIT (NYSE:NTST) Price Target Raised to $20.00 at Wells Fargo & Company

NETSTREIT (NYSE:NTST) had its price objective upped by Wells Fargo & Company from $18.00 to $20.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 target price on shares of NETSTREIT in a research note on Wednesday, July 30th. UBS Group boosted their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Robert W. Baird increased their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Bank of America raised NETSTREIT from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $18.00 to $19.00 in a research report on Monday, July 28th. Finally, Truist Financial set a $19.00 price target on NETSTREIT in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $19.58.

NETSTREIT Stock Performance

NTST opened at $18.33 on Wednesday. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average price is $17.86 and its two-hundred day moving average price is $16.31. The firm has a market capitalization of $1.53 billion, a P/E ratio of -229.18, a price-to-earnings-growth ratio of 4.23 and a beta of 0.89. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $19.18.

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 given a dividend of $0.215 per share. This is a boost from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, September 2nd. This represents a $0.86 annualized dividend and a dividend yield of 4.7%. NETSTREIT’s dividend payout ratio is -1,050.00%.

Institutional Trading of NETSTREIT

A number of large investors have recently bought and sold shares of NTST. Wedge Capital Management L L P NC acquired a new stake in shares of NETSTREIT during the first quarter worth approximately $2,389,000. LPL Financial LLC acquired a new stake in NETSTREIT during the 4th quarter valued at $236,000. Freestone Grove Partners LP bought a new position in NETSTREIT in the 4th quarter valued at $363,000. Raymond James Financial Inc. acquired a new position in NETSTREIT in the fourth quarter worth $927,000. Finally, Vanguard Group Inc. boosted its stake in NETSTREIT by 4.0% in the first quarter. Vanguard Group Inc. now owns 8,275,681 shares of the company’s stock worth $131,170,000 after purchasing an additional 315,888 shares in the last quarter.

About NETSTREIT

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.