NETSTREIT Corp. (NYSE:NTST) Given Average Recommendation of "Buy" by Analysts

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has been assigned an average rating of "Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.28.

A number of analysts have recently weighed in on NTST shares. UBS Group increased their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday. Wells Fargo & Company started coverage on shares of NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price for the company. Raymond James Financial reiterated a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. Finally, Mizuho increased their target price on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd.

Institutional Trading of NETSTREIT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in NETSTREIT by 4.0% in the first quarter. Vanguard Group Inc. now owns 8,275,681 shares of the company's stock worth $131,170,000 after buying an additional 315,888 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of NETSTREIT by 61.3% during the first quarter. Principal Financial Group Inc. now owns 7,741,808 shares of the company's stock valued at $122,708,000 after purchasing an additional 2,941,600 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of NETSTREIT by 5.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company's stock valued at $96,703,000 after purchasing an additional 354,973 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of NETSTREIT by 3.0% during the fourth 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 last quarter. Finally, Lasalle Investment Management Securities LLC lifted its holdings in shares of NETSTREIT by 30.8% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company's stock valued at $48,807,000 after purchasing an additional 811,632 shares during the last quarter.

NETSTREIT Trading Down 0.4%

NYSE NTST traded down $0.07 during trading on Tuesday, hitting $17.54. 775,862 shares of the company's stock traded hands, compared to its average volume of 919,083. The stock has a fifty day moving average of $16.45 and a two-hundred day moving average of $15.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.95 and a quick ratio of 3.95. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $17.78. The firm has a market cap of $1.43 billion, a P/E ratio of -117.06, a PEG ratio of 5.13 and a beta of 0.89.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 4.79%. NETSTREIT's dividend payout ratio (DPR) is presently -560.00%.

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.