NETSTREIT (NYSE:NTST) Given New $21.00 Price Target at Truist Financial

NETSTREIT (NYSE:NTST) had its price target raised by Truist Financial from $20.00 to $21.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on NTST. BTIG Research boosted their price objective on shares of NETSTREIT from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Mizuho increased their target price on shares of NETSTREIT from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Cantor Fitzgerald lifted their price target on shares of NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. UBS Group boosted their price target on shares of NETSTREIT from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Finally, Raymond James Financial downgraded shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $21.00 to $22.00 in a research note on Tuesday, March 17th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NETSTREIT has an average rating of “Moderate Buy” and an average price target of $21.58.

NETSTREIT Trading Up 0.5%

NTST opened at $19.04 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12. NETSTREIT has a one year low of $14.00 and a one year high of $21.30. The company has a market cap of $1.85 billion, a P/E ratio of 211.59, a PEG ratio of 2.94 and a beta of 0.86. The business’s 50-day simple moving average is $19.56 and its 200-day simple moving average is $18.62.

NETSTREIT (NYSE:NTST) last posted its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share 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 research analysts expect that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 annualized dividend and a yield of 4.6%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio (DPR) is currently 977.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P boosted 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 purchasing an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 buying an additional 650 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of NETSTREIT in the 4th quarter valued at approximately $44,000. Finally, Inspire Investing LLC acquired a new stake in shares of NETSTREIT in the 4th 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.