NETSTREIT Corp. (NYSE:NTST) Receives Consensus Rating of “Hold” from Brokerages

Shares of NETSTREIT Corp. (NYSE:NTST) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $18.09.

Separately, Scotiabank lifted their target price on shares of NETSTREIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th.

NETSTREIT Trading Down 0.2 %

Shares of NYSE NTST opened at $15.81 on Friday. NETSTREIT has a 1 year low of $13.49 and a 1 year high of $18.97. The stock has a market cap of $1.16 billion, a P/E ratio of 175.69, a price-to-earnings-growth ratio of 9.92 and a beta of 0.97. The firm has a 50-day moving average of $17.03 and a 200 day moving average of $17.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.30 and a quick ratio of 4.30.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.82 annualized dividend and a dividend yield of 5.19%. NETSTREIT’s payout ratio is 911.21%.

Insider Activity at NETSTREIT

In related news, Director Todd Minnis sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $17.86, for a total transaction of $111,625.00. Following the completion of the sale, the director now directly owns 10,359 shares in the company, valued at $185,011.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Institutional Trading of NETSTREIT

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in NETSTREIT by 7.8% during the third quarter. Vanguard Group Inc. now owns 6,455,590 shares of the company’s stock valued at $100,578,000 after buying an additional 466,435 shares during the period. Wellington Management Group LLP boosted its position in shares of NETSTREIT by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,743,007 shares of the company’s stock worth $48,963,000 after purchasing an additional 69,005 shares during the period. Signaturefd LLC boosted its position in shares of NETSTREIT by 266.9% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock worth $88,000 after purchasing an additional 3,568 shares during the period. Principal Financial Group Inc. boosted its position in shares of NETSTREIT by 14.5% in the fourth quarter. Principal Financial Group Inc. now owns 4,156,810 shares of the company’s stock worth $74,199,000 after purchasing an additional 526,794 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in shares of NETSTREIT in the first quarter worth approximately $2,068,000.

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.