NETSTREIT (NYSE:NTST) Given New $19.25 Price Target at Stifel Nicolaus

NETSTREIT (NYSE:NTST) had its price target lowered by Stifel Nicolaus from $19.50 to $19.25 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

NTST has been the topic of a number of other reports. Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from $20.00 to $19.00 in a research report on Wednesday, August 21st. Scotiabank reduced their price objective on NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Wedbush initiated coverage on NETSTREIT in a research note on Monday, August 19th. They issued a “neutral” rating and a $17.00 target price for the company. Finally, UBS Group assumed coverage on NETSTREIT in a research report on Monday, October 14th. They set a “buy” rating and a $19.00 target price for the company. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.11.

NETSTREIT Stock Performance

NETSTREIT stock opened at $15.90 on Tuesday. NETSTREIT has a 12-month low of $14.92 and a 12-month high of $18.97. The stock has a 50-day simple moving average of $16.30 and a 200 day simple moving average of $16.63. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 227.14 and a beta of 0.97.

NETSTREIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.28%. NETSTREIT’s dividend payout ratio is 1,200.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in shares of NETSTREIT during the second quarter worth $45,000. Point72 DIFC Ltd acquired a new position in NETSTREIT in the second quarter valued at about $83,000. Custom Index Systems LLC bought a new stake in shares of NETSTREIT in the third quarter worth about $170,000. M&G PLC bought a new stake in shares of NETSTREIT in the third quarter worth about $173,000. Finally, Van ECK Associates Corp lifted its holdings in shares of NETSTREIT by 13.7% during the 2nd quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock valued at $182,000 after purchasing an additional 1,359 shares in the last quarter.

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.