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

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has been given an average rating of "Buy" by the nine brokerages that are presently covering the stock, MarketBeat.com reports. One research 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 12-month price target among brokers that have covered the stock in the last year is $18.16.

NTST has been the topic of a number of analyst reports. Mizuho boosted their price objective on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Wells Fargo & Company assumed coverage on NETSTREIT in a research note on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective on the stock. Finally, Raymond James Financial restated a "strong-buy" rating on shares of NETSTREIT in a research note on Friday, May 23rd.

Institutional Investors Weigh In On NETSTREIT

Institutional investors have recently bought and sold shares of the stock. Hohimer Wealth Management LLC lifted its holdings in NETSTREIT by 6.2% in the 1st quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company's stock worth $183,000 after buying an additional 677 shares during the period. Amundi lifted its holdings in NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company's stock worth $709,000 after buying an additional 704 shares during the period. American Century Companies Inc. lifted its holdings in NETSTREIT by 3.3% in the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock worth $345,000 after buying an additional 781 shares during the period. Daiwa Securities Group Inc. lifted its holdings in NETSTREIT by 3.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company's stock worth $373,000 after buying an additional 789 shares during the period. Finally, Arizona State Retirement System lifted its holdings in NETSTREIT by 4.2% in the 1st quarter. Arizona State Retirement System now owns 23,401 shares of the company's stock worth $371,000 after buying an additional 945 shares during the period.

NETSTREIT Stock Performance

NYSE:NTST opened at $17.70 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.95 and a quick ratio of 3.95. The business has a fifty day simple moving average of $16.36 and a two-hundred day simple moving average of $15.41. NETSTREIT has a 1 year low of $13.42 and a 1 year high of $17.73. The company has a market capitalization of $1.45 billion, a P/E ratio of -117.97, a P/E/G ratio of 5.06 and a beta of 0.89.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.75%. The ex-dividend date was Monday, June 2nd. NETSTREIT's dividend payout ratio 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.

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