NETSTREIT Corp. (NYSE:NTST) Receives $18.16 Average PT from Analysts

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have been assigned a consensus rating of "Buy" from the nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.16.

NTST has been the topic of a number of research analyst reports. Capital One Financial initiated coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating on the stock. Wells Fargo & Company started coverage on NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 price target for the company. Mizuho increased their price target on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Raymond James reissued a "strong-buy" rating on shares of NETSTREIT in a research report on Friday.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer purchased 3,616 shares of the business's stock in a transaction on Friday, March 7th. The shares were bought at an average price of $15.22 per share, with a total value of $55,035.52. Following the completion of the transaction, the chief executive officer now directly owns 295,252 shares in the company, valued at approximately $4,493,735.44. This represents a 1.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have acquired 12,000 shares of company stock valued at $183,172. Corporate insiders own 0.58% of the company's stock.

Institutional Inflows and Outflows

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

NETSTREIT Price Performance

NTST stock traded up $0.25 during mid-day trading on Monday, reaching $15.90. 816,125 shares of the company's stock were exchanged, compared to its average volume of 940,975. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -264.96 and a beta of 0.90. The stock's 50 day moving average is $15.69 and its 200 day moving average is $15.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $17.53.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Monday, June 2nd. NETSTREIT's dividend payout ratio (DPR) is presently -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.