NETSTREIT Corp. (NYSE:NTST)’s stock price was up 2.4% during trading on Monday . The company traded as high as $25.06 and last traded at $25.01. Approximately 5,480 shares traded hands during trading, a decline of 98% from the average daily volume of 364,840 shares. The stock had previously closed at $24.42.
A number of equities research analysts have commented on NTST shares. Wells Fargo & Company increased their target price on NETSTREIT from $26.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, September 8th. Zacks Investment Research upgraded NETSTREIT from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, August 5th. BTIG Research increased their target price on NETSTREIT from $24.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 17th. Truist Securities increased their target price on NETSTREIT from $25.00 to $29.00 and gave the company a “buy” rating in a report on Monday, August 23rd. Finally, KeyCorp raised their price objective on NETSTREIT from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $27.00.
The company has a quick ratio of 13.09, a current ratio of 13.09 and a debt-to-equity ratio of 0.25. The firm has a market cap of $969.76 million and a price-to-earnings ratio of -2,439.00. The firm has a fifty day moving average price of $25.63 and a 200-day moving average price of $22.72.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, August 31st. NETSTREIT’s dividend payout ratio (DPR) is currently 115.94%.
A number of large investors have recently bought and sold shares of NTST. Lazard Asset Management LLC acquired a new position in NETSTREIT in the first quarter valued at approximately $36,000. Citigroup Inc. raised its holdings in NETSTREIT by 84.9% during the second quarter. Citigroup Inc. now owns 2,714 shares of the company’s stock worth $63,000 after purchasing an additional 1,246 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of NETSTREIT by 72.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,112 shares of the company’s stock valued at $72,000 after buying an additional 1,307 shares in the last quarter. Panagora Asset Management Inc. grew its position in NETSTREIT by 85.9% during the 1st quarter. Panagora Asset Management Inc. now owns 4,743 shares of the company’s stock worth $88,000 after purchasing an additional 2,191 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of NETSTREIT by 26.1% during the 1st quarter. Royal Bank of Canada now owns 4,883 shares of the company’s stock valued at $89,000 after acquiring an additional 1,012 shares in the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.
NETSTREIT Company Profile (NYSE:NTST)
NETSTREIT 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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