NETSTREIT Corp. (NYSE:NTST) Given Average Rating of "Buy" by Brokerages

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have earned an average recommendation of "Buy" from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.16.

A number of analysts have recently issued reports on NTST shares. Raymond James Financial reissued a "strong-buy" rating on shares of NETSTREIT in a research note on Friday, May 23rd. Wells Fargo & Company assumed coverage on shares of NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective for the company. Finally, Mizuho boosted their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd.

NETSTREIT Stock Performance

Shares of NETSTREIT stock opened at $16.73 on Friday. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.69. The stock's fifty day moving average is $16.05 and its two-hundred day moving average is $15.15. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $17.53. The company has a market capitalization of $1.37 billion, a PE ratio of -111.55, a price-to-earnings-growth ratio of 4.88 and a beta of 0.88.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Monday, June 2nd. NETSTREIT's dividend payout ratio (DPR) is presently -560.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTST. Hohimer Wealth Management LLC raised its holdings in shares of NETSTREIT by 6.2% in the 1st quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company's stock valued at $183,000 after purchasing an additional 677 shares in the last quarter. Amundi raised its stake in NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company's stock worth $709,000 after buying an additional 704 shares in the last quarter. American Century Companies Inc. raised its stake in NETSTREIT by 3.3% in the fourth quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock worth $345,000 after buying an additional 781 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in NETSTREIT by 3.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company's stock worth $373,000 after buying an additional 789 shares during the period. Finally, Arizona State Retirement System boosted its position in NETSTREIT by 4.2% during the 1st quarter. Arizona State Retirement System now owns 23,401 shares of the company's stock valued at $371,000 after acquiring an additional 945 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.