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

Key Points

• NETSTREIT Corp. (NYSE:NTST) has received a consensus recommendation of "Buy" from eleven brokerages, with an average 12-month price target of $18.83.
• The company recently increased its quarterly dividend to $0.215, which represents a yield of 4.6%, successful in attracting more institutional investors.
• NETSTREIT's stock performance shows stability with a market capitalization of $1.55 billion and a fifty-day moving average price of $17.25.

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has been given a consensus rating of "Buy" by the eleven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.8250.

A number of brokerages have recently weighed in on NTST. UBS Group boosted their price target on NETSTREIT from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Truist Financial set a $19.00 price target on NETSTREIT in a research note on Friday, July 25th. Robert W. Baird boosted their price target on NETSTREIT from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Bank of America upgraded NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $18.00 to $19.00 in a research note on Monday, July 28th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $21.00 target price on shares of NETSTREIT in a report on Wednesday, July 30th.

NETSTREIT Stock Up 0.2%

Shares of NTST stock traded up $0.05 during trading hours on Friday, reaching $18.59. 857,681 shares of the company's stock were exchanged, compared to its average volume of 1,027,279. NETSTREIT has a 1 year low of $13.42 and a 1 year high of $18.95. The stock has a market cap of $1.55 billion, a PE ratio of -232.31, a PEG ratio of 4.26 and a beta of 0.89. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.70. The stock's fifty day moving average price is $17.25 and its two-hundred day moving average price is $15.96.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.215 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from NETSTREIT's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 4.6%. NETSTREIT's dividend payout ratio (DPR) is presently -1,050.00%.

Institutional Trading of NETSTREIT

Large investors have recently made changes to their positions in the company. Greenland Capital Management LP acquired a new stake in shares of NETSTREIT in the 2nd quarter worth $681,000. Nomura Asset Management Co. Ltd. boosted its holdings in NETSTREIT by 4.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 116,800 shares of the company's stock valued at $1,977,000 after acquiring an additional 5,300 shares during the period. Creative Planning boosted its holdings in NETSTREIT by 44.3% during the 2nd quarter. Creative Planning now owns 21,353 shares of the company's stock valued at $362,000 after acquiring an additional 6,551 shares during the period. Davis Selected Advisers raised its position in NETSTREIT by 91.8% in the 2nd quarter. Davis Selected Advisers now owns 220,510 shares of the company's stock valued at $3,733,000 after purchasing an additional 105,550 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in NETSTREIT by 12.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 18,510 shares of the company's stock valued at $313,000 after purchasing an additional 1,983 shares in the last quarter.

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.