NETSTREIT Corp. (NYSE:NTST) Given Average Rating of “Hold” by Analysts

Shares of NETSTREIT Corp. (NYSE:NTST) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.09.

A number of equities analysts recently commented on the stock. Scotiabank raised their price objective on shares of NETSTREIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Mizuho raised their target price on NETSTREIT from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th.

Insider Buying and Selling

In other NETSTREIT news, Director Todd Minnis sold 6,250 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $17.86, for a total value of $111,625.00. Following the transaction, the director now owns 10,359 shares in the company, valued at $185,011.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Trading of NETSTREIT

A number of institutional investors have recently added to or reduced their stakes in NTST. State of Alaska Department of Revenue raised its holdings in shares of NETSTREIT by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 32,512 shares of the company’s stock valued at $579,000 after purchasing an additional 608 shares in the last quarter. First Affirmative Financial Network lifted its position in shares of NETSTREIT by 5.7% in the fourth quarter. First Affirmative Financial Network now owns 11,540 shares of the company’s stock worth $206,000 after buying an additional 618 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of NETSTREIT by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock worth $228,000 after acquiring an additional 977 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of NETSTREIT by 8.1% during the 4th quarter. Arizona State Retirement System now owns 18,728 shares of the company’s stock valued at $334,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of NETSTREIT by 2.2% in the 4th quarter. Victory Capital Management Inc. now owns 75,350 shares of the company’s stock valued at $1,345,000 after acquiring an additional 1,600 shares in the last quarter.

NETSTREIT Trading Down 0.3 %

Shares of NTST opened at $16.22 on Friday. The business’s 50-day moving average price is $17.10 and its 200 day moving average price is $17.44. The stock has a market capitalization of $1.19 billion, a P/E ratio of 180.24, a P/E/G ratio of 10.02 and a beta of 0.97. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.55. NETSTREIT has a 1-year low of $13.49 and a 1-year high of $18.97.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, June 3rd. NETSTREIT’s dividend payout ratio (DPR) is presently 911.21%.

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.