Analysts Set NETSTREIT Corp. (NYSE:NTST) PT at $18.16

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have been given a consensus recommendation of "Buy" by the nine research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.16.

NTST has been the topic of several research reports. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target on the stock. Mizuho boosted their price target on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of NETSTREIT in a research report on Friday, May 23rd.

Institutional Trading of NETSTREIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank grew its stake in NETSTREIT by 5.7% during the 4th quarter. Swiss National Bank now owns 152,200 shares of the company's stock valued at $2,154,000 after acquiring an additional 8,200 shares in the last quarter. Cohen & Steers Inc. grew its stake in NETSTREIT by 3.0% during the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock valued at $94,287,000 after acquiring an additional 191,846 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in NETSTREIT during the 1st quarter valued at about $2,389,000. Charles Schwab Investment Management Inc. grew its stake in NETSTREIT by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company's stock valued at $16,040,000 after acquiring an additional 55,378 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in NETSTREIT during the 4th quarter valued at about $236,000.

NETSTREIT Stock Performance

Shares of NYSE NTST traded up $0.27 during midday trading on Friday, reaching $16.96. 880,054 shares of the company traded hands, compared to its average volume of 967,737. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $17.53. The stock has a 50-day moving average price of $16.09 and a 200 day moving average price of $15.16. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.95 and a quick ratio of 3.95. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -113.06, a PEG ratio of 4.86 and a beta of 0.88.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 4.95%. NETSTREIT's payout ratio is presently -560.00%.

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.