NETSTREIT (NYSE:NTST) Price Target Raised to $23.00

NETSTREIT (NYSE:NTST) had its price target raised by Mizuho from $19.00 to $23.00 in a report released on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other analysts have also issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Scotiabank upped their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. BTIG Research raised their price target on shares of NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Cantor Fitzgerald lifted their price objective on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, UBS Group boosted their price objective on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.42.

NETSTREIT Trading Up 0.4%

Shares of NTST stock opened at $20.26 on Wednesday. NETSTREIT has a 1-year low of $14.00 and a 1-year high of $21.30. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 225.14, a PEG ratio of 3.15 and a beta of 0.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $18.55.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The company had revenue of $52.50 million during the quarter, compared to analyst estimates of $50.98 million. NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. On average, equities research analysts expect that NETSTREIT will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.22 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, March 16th. NETSTREIT’s dividend payout ratio (DPR) is 955.56%.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently bought and sold shares of NTST. Loomis Sayles & Co. L P increased its stake in NETSTREIT by 959.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after purchasing an additional 1,333 shares during the period. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of NETSTREIT by 36.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock valued at $43,000 after purchasing an additional 650 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of NETSTREIT in the fourth quarter valued at approximately $44,000. Finally, Inspire Investing LLC purchased a new stake in NETSTREIT during the 4th quarter worth 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.