NETSTREIT Corp. (NYSE:NTST) Receives $19.58 Consensus Target Price from Analysts

Key Points

• NETSTREIT Corp. has received a consensus recommendation of "Buy" from ten research firms, with one strong buy and eight buy ratings.
• The average target price for NETSTREIT's stock is $19.58, reflecting positive sentiment among analysts.
• The company has increased its quarterly dividend to $0.215 per share, resulting in a 4.8% annualized yield.

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has been given a consensus rating of "Buy" by the ten analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.5833.

A number of brokerages have recently issued reports on NTST. UBS Group increased their target price on NETSTREIT from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Friday, August 15th. 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. Scotiabank reaffirmed an "outperform" rating on shares of NETSTREIT in a report on Wednesday, August 27th. Bank of America raised shares of NETSTREIT from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $18.00 to $19.00 in a report on Monday, July 28th. Finally, Robert W. Baird upped their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th.

NETSTREIT Price Performance

Shares of NTST traded up $0.09 during mid-day trading on Wednesday, reaching $17.95. The company had a trading volume of 866,841 shares, compared to its average volume of 967,105. NETSTREIT has a twelve month low of $13.42 and a twelve month high of $19.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.83 and a quick ratio of 3.83. The company's 50-day moving average is $18.04 and its 200-day moving average is $16.53. The company has a market capitalization of $1.50 billion, a P/E ratio of -224.38, a P/E/G ratio of 4.13 and a beta of 0.89.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.8%. 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 currently -1,075.00%.

Institutional Investors Weigh In On NETSTREIT

Several large investors have recently made changes to their positions in NTST. EverSource Wealth Advisors LLC grew its holdings in shares of NETSTREIT by 1,123.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock worth $30,000 after purchasing an additional 1,640 shares during the last quarter. Assetmark Inc. lifted its position in NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after buying an additional 1,200 shares in the last quarter. CWM LLC lifted its position 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 buying an additional 989 shares in the last quarter. Lazard Asset Management LLC acquired a new position in NETSTREIT during the 4th quarter worth about $41,000. Finally, State of Wyoming acquired a new position in NETSTREIT during the 1st quarter worth about $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.