NETSTREIT (NYSE:NTST) Upgraded by BMO Capital Markets to Strong-Buy Rating

BMO Capital Markets upgraded shares of NETSTREIT (NYSE:NTST) to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

NTST has been the subject of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a report on Friday, March 27th. BTIG Research boosted their target price 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. Truist Financial increased their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Raymond James Financial lowered shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $21.00 to $22.00 in a research note on Tuesday, March 17th. Finally, UBS Group increased their price objective on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NETSTREIT has an average rating of “Moderate Buy” and an average target price of $21.77.

NETSTREIT Stock Up 2.5%

Shares of NTST stock opened at $20.92 on Friday. The business’s fifty day moving average is $19.94 and its 200-day moving average is $18.80. The stock has a market cap of $2.03 billion, a PE ratio of 232.39, a price-to-earnings-growth ratio of 3.18 and a beta of 0.88. NETSTREIT has a 1 year low of $15.23 and a 1 year high of $21.30. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12.

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

NETSTREIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, March 16th. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio (DPR) is presently 977.78%.

Hedge Funds Weigh In On NETSTREIT

Several hedge funds have recently bought and sold shares of NTST. Alyeska Investment Group L.P. lifted its position in shares of NETSTREIT by 171.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after buying an additional 2,544,458 shares during the last quarter. Millennium Management LLC grew its stake in NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after buying an additional 1,782,158 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of NETSTREIT in the third quarter worth about $20,498,000. Hudson Bay Capital Management LP increased its position in NETSTREIT by 35.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after buying an additional 986,842 shares during the period. Finally, Centersquare Investment Management LLC increased its position in NETSTREIT by 37.9% during the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after acquiring an additional 970,260 shares during the period.

About NETSTREIT

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.