NETSTREIT Corp. (NYSE:NTST) Receives Consensus Rating of "Buy" from Brokerages

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has earned an average rating of "Buy" from the nine brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.03.

A number of research firms have recently issued reports on NTST. Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating for the company. Raymond James reduced their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 17th. Mizuho boosted their target price on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 price target on the stock.

Insider Activity at NETSTREIT

In other news, CEO Mark Manheimer acquired 6,384 shares of the firm's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the transaction, the chief executive officer now owns 304,572 shares of the company's stock, valued at $4,669,088.76. The trade was a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 12,000 shares of company stock worth $183,172 in the last three months. 0.58% of the stock is owned by insiders.

Institutional Trading of NETSTREIT

Several large investors have recently modified their holdings of NTST. Swiss National Bank lifted its holdings in NETSTREIT by 5.7% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the company's stock worth $2,154,000 after buying an additional 8,200 shares during the period. Nordea Investment Management AB purchased a new stake in NETSTREIT in the fourth quarter worth $6,714,000. JPMorgan Chase & Co. boosted its holdings in NETSTREIT by 173.9% in the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after acquiring an additional 361,577 shares in the last quarter. Cohen & Steers Inc. increased its position 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 purchasing an additional 191,846 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in NETSTREIT by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company's stock worth $16,040,000 after purchasing an additional 55,378 shares in the last quarter.

NETSTREIT Price Performance

Shares of NTST stock traded down $0.04 during trading on Thursday, hitting $16.06. The company had a trading volume of 1,060,022 shares, compared to its average volume of 922,508. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $18.10. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -267.54 and a beta of 0.90. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock's 50-day moving average is $15.51 and its two-hundred day moving average is $15.11.

NETSTREIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Monday, June 2nd. NETSTREIT's payout ratio is -560.00%.

About NETSTREIT

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.