UBS Group Forecasts Strong Price Appreciation for NETSTREIT (NYSE:NTST) Stock

Key Points

• UBS Group raised its price target for NETSTREIT (NYSE:NTST) stock from $20.00 to $21.00, indicating a potential upside of 11.73% from its current price.
• Several other analysts have also provided positive ratings, with Raymond James setting a price target of $21.00 and Bank of America upgrading its rating to neutral with a new target of $19.00.
• NETSTREIT is a real estate investment trust (REIT) focused on acquiring single-tenant net lease retail properties, and its shares have experienced significant activity from institutional investors, reflecting growing interest in the stock.

NETSTREIT (NYSE:NTST - Free Report) had its price target lifted by UBS Group from $20.00 to $21.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on NTST. Robert W. Baird increased their price objective on NETSTREIT from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Raymond James Financial restated a "strong-buy" rating and set a $21.00 price target on shares of NETSTREIT in a research note on Wednesday, July 30th. Truist Financial set a $19.00 price target on NETSTREIT in a research note on Friday, July 25th. Finally, Bank of America upgraded NETSTREIT from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $18.00 to $19.00 in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $19.14.

NETSTREIT Trading Up 1.3%

NETSTREIT stock traded up $0.2350 during mid-day trading on Friday, hitting $18.9550. The company's stock had a trading volume of 735,483 shares, compared to its average volume of 1,019,281. The firm has a market capitalization of $1.58 billion, a PE ratio of -236.94, a price-to-earnings-growth ratio of 4.27 and a beta of 0.89. NETSTREIT has a 1 year low of $13.42 and a 1 year high of $19.02. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.70. The stock's fifty day moving average is $17.60 and its two-hundred day moving average is $16.15.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.5%. This is a positive change from NETSTREIT's previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, September 2nd. NETSTREIT's payout ratio is currently -1,075.00%.

Institutional Trading of NETSTREIT

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in shares of NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock valued at $30,000 after acquiring an additional 1,640 shares in the last quarter. Assetmark Inc. raised its stake in shares of NETSTREIT by 126.3% in the first quarter. Assetmark Inc. now owns 2,150 shares of the company's stock valued at $34,000 after acquiring an additional 1,200 shares in the last quarter. CWM LLC raised its stake in shares of NETSTREIT by 78.2% in the first quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after acquiring an additional 989 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of NETSTREIT in the fourth quarter valued at $41,000. Finally, State of Wyoming acquired a new stake in shares of NETSTREIT in the first quarter valued at $58,000.

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.