NETSTREIT (NYSE:NTST) Reaches New 12-Month High - What's Next?

NETSTREIT Corp. (NYSE:NTST - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $17.73 and last traded at $17.70, with a volume of 523153 shares changing hands. The stock had previously closed at $17.36.

Analysts Set New Price Targets

NTST has been the subject of a number of research analyst reports. Raymond James Financial reiterated a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. Wells Fargo & Company initiated coverage on NETSTREIT in a report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target for the company. Mizuho boosted their price target on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Finally, UBS Group boosted their price target on NETSTREIT from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, NETSTREIT has an average rating of "Buy" and an average price target of $18.28.

NETSTREIT Stock Performance

The stock has a market capitalization of $1.44 billion, a P/E ratio of -117.53, a P/E/G ratio of 5.13 and a beta of 0.89. The stock has a 50 day moving average of $16.45 and a 200 day moving average of $15.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.95 and a current ratio of 3.95.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 4.76%. NETSTREIT's payout ratio is currently -560.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its position in NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after acquiring an additional 1,200 shares during the period. CWM LLC boosted its position in NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock worth $36,000 after acquiring an additional 989 shares during the period. Lazard Asset Management LLC acquired a new position in NETSTREIT during the 4th quarter worth $41,000. State of Wyoming acquired a new position in NETSTREIT during the 1st quarter worth $58,000. Finally, PNC Financial Services Group Inc. boosted its position in NETSTREIT by 861.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after acquiring an additional 4,865 shares during the period.

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.