Analysts Set NETSTREIT Corp. (NYSE:NTST) Target Price at $18.11

Shares of NETSTREIT Corp. (NYSE:NTST) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.11.

Several equities analysts recently weighed in on the stock. Mizuho raised their target price on shares of NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Wolfe Research upgraded shares of NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Tuesday, January 2nd. Finally, KeyCorp upgraded NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $17.32 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.25 and a current ratio of 3.25. The stock has a 50 day moving average price of $17.29 and a 200 day moving average price of $16.84. The stock has a market capitalization of $1.27 billion, a PE ratio of 157.47, a price-to-earnings-growth ratio of 3.55 and a beta of 0.97. NETSTREIT has a 52 week low of $13.49 and a 52 week high of $18.97.

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.73%. NETSTREIT’s payout ratio is currently 745.52%.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTST. Lindbrook Capital LLC increased its holdings in shares of NETSTREIT by 1,721.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,894 shares of the company’s stock worth $34,000 after buying an additional 1,790 shares in the last quarter. Parallel Advisors LLC increased its holdings in NETSTREIT by 702.3% in the 4th quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after purchasing an additional 3,013 shares in the last quarter. Signaturefd LLC raised its position in NETSTREIT by 266.9% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock valued at $88,000 after purchasing an additional 3,568 shares during the last quarter. Amalgamated Bank boosted its stake in shares of NETSTREIT by 11.9% during the third quarter. Amalgamated Bank now owns 6,342 shares of the company’s stock valued at $99,000 after purchasing an additional 674 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of NETSTREIT by 14.8% during the third quarter. Van ECK Associates Corp now owns 7,898 shares of the company’s stock worth $123,000 after purchasing an additional 1,020 shares during 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.