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

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

NTST has been the subject of several recent research reports. KeyCorp raised shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a report on Thursday, February 1st. Mizuho boosted their target price on shares of NETSTREIT from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Wolfe Research upgraded shares of NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Tuesday, January 2nd.

Institutional Trading of NETSTREIT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of NETSTREIT by 56.7% during the third quarter. Wellington Management Group LLP now owns 2,674,002 shares of the company’s stock valued at $41,661,000 after acquiring an additional 967,036 shares during the period. Principal Financial Group Inc. increased its stake in NETSTREIT by 14.5% during the fourth quarter. Principal Financial Group Inc. now owns 4,156,810 shares of the company’s stock valued at $74,199,000 after acquiring an additional 526,794 shares during the period. Vanguard Group Inc. lifted its stake in NETSTREIT by 7.8% during the third quarter. Vanguard Group Inc. now owns 6,455,590 shares of the company’s stock worth $100,578,000 after purchasing an additional 466,435 shares during the period. Cohen & Steers Inc. grew its position in NETSTREIT by 4.3% in the fourth quarter. Cohen & Steers Inc. now owns 9,344,847 shares of the company’s stock valued at $166,806,000 after acquiring an additional 383,240 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in NETSTREIT by 81.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,677 shares of the company’s stock valued at $13,238,000 after purchasing an additional 382,149 shares in the last quarter.

NETSTREIT Stock Down 0.1 %

NTST stock opened at $17.32 on Friday. 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. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $17.29 and a 200 day moving average of $16.84.

NETSTREIT Announces Dividend

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

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.