NETSTREIT Corp. (NYSE:NTST) Receives Average Rating of "Buy" from Analysts

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have received a consensus rating of "Buy" from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $18.03.

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

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 6,384 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the acquisition, the chief executive officer now owns 304,572 shares of the company's stock, valued at $4,669,088.76. This trade represents a 2.14 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 12,000 shares of company stock worth $183,172 over the last 90 days. Insiders own 0.58% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NTST. Barclays PLC grew its holdings in shares of NETSTREIT by 216.9% in the 3rd quarter. Barclays PLC now owns 123,066 shares of the company's stock valued at $2,033,000 after buying an additional 84,226 shares during the period. JPMorgan Chase & Co. grew its position in shares of NETSTREIT by 173.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after purchasing an additional 361,577 shares during the period. Nordea Investment Management AB bought a new stake in NETSTREIT during the 4th quarter worth approximately $6,714,000. SG Americas Securities LLC raised its holdings in NETSTREIT by 12.9% during the 4th quarter. SG Americas Securities LLC now owns 37,604 shares of the company's stock worth $532,000 after buying an additional 4,284 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of NETSTREIT in the fourth quarter valued at approximately $198,000.

NETSTREIT Stock Performance

NTST traded down $0.12 during trading on Thursday, hitting $16.03. The stock had a trading volume of 477,131 shares, compared to its average volume of 920,818. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT has a 12 month low of $13.42 and a 12 month high of $18.10. The company has a 50 day simple moving average of $15.46 and a 200-day simple moving average of $15.13. The firm has a market cap of $1.31 billion, a PE ratio of -267.12 and a beta of 0.91.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.24%. The ex-dividend date is Monday, June 2nd. NETSTREIT's dividend payout ratio is -525.00%.

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.