Scotiabank Boosts NETSTREIT (NYSE:NTST) Price Target to $18.00

NETSTREIT (NYSE:NTSTFree Report) had its target price upped by Scotiabank from $17.00 to $18.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a sector perform rating on the stock.

A number of other analysts have also commented on NTST. KeyCorp raised NETSTREIT from an underweight rating to a sector weight rating in a research note on Thursday, February 1st. Mizuho upped their price target on shares of NETSTREIT from $18.00 to $19.00 and gave the company a buy rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $18.09.

Get Our Latest Stock Analysis on NETSTREIT

NETSTREIT Stock Down 0.1 %

Shares of NTST opened at $17.85 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.30 and a current ratio of 4.30. NETSTREIT has a 52 week low of $13.49 and a 52 week high of $18.97. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 198.36, a PEG ratio of 3.71 and a beta of 0.99. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $17.20.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Monday, June 3rd. NETSTREIT’s dividend payout ratio is currently 911.21%.

Institutional Investors Weigh In On NETSTREIT

Several large investors have recently modified their holdings of NTST. Long Pond Capital LP boosted its position in NETSTREIT by 235.2% during the first quarter. Long Pond Capital LP now owns 5,967,437 shares of the company’s stock valued at $109,622,000 after acquiring an additional 4,187,438 shares during the last quarter. Wellington Management Group LLP grew its stake in NETSTREIT by 56.7% during the third quarter. Wellington Management Group LLP now owns 2,674,002 shares of the company’s stock worth $41,661,000 after purchasing an additional 967,036 shares during the period. Russell Investments Group Ltd. increased its holdings in NETSTREIT by 64.9% in the first quarter. Russell Investments Group Ltd. now owns 1,593,752 shares of the company’s stock worth $29,277,000 after purchasing an additional 627,514 shares in the last quarter. Vanguard Group Inc. lifted its stake in NETSTREIT by 8.3% in the first quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock valued at $135,062,000 after buying an additional 566,513 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of NETSTREIT by 14.5% during the 4th quarter. Principal Financial Group Inc. now owns 4,156,810 shares of the company’s stock worth $74,199,000 after buying an additional 526,794 shares during the period.

NETSTREIT Company Profile

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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.

Further Reading

Analyst Recommendations for NETSTREIT (NYSE:NTST)

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