NETSTREIT Corp. (NYSE:NTST) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of NETSTREIT Corp. (NYSE:NTST) have received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.11.

A number of brokerages have commented on NTST. Mizuho raised their price target on shares of NETSTREIT from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. KeyCorp upgraded shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. Finally, Wolfe Research upgraded shares of NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Tuesday, January 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NTST. Cohen & Steers Inc. grew its holdings in NETSTREIT by 4.3% during the 4th quarter. Cohen & Steers Inc. now owns 9,344,847 shares of the company’s stock worth $166,806,000 after acquiring an additional 383,240 shares during the period. Vanguard Group Inc. grew its holdings in shares of NETSTREIT by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 6,785,782 shares of the company’s stock valued at $121,126,000 after buying an additional 330,192 shares during the period. BlackRock Inc. grew its holdings in shares of NETSTREIT by 3.5% in the 2nd quarter. BlackRock Inc. now owns 6,397,334 shares of the company’s stock valued at $114,320,000 after buying an additional 217,119 shares during the period. Principal Financial Group Inc. grew its holdings in shares of NETSTREIT by 14.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,156,810 shares of the company’s stock valued at $74,199,000 after buying an additional 526,794 shares during the period. Finally, State Street Corp grew its holdings in shares of NETSTREIT by 6.4% in the 2nd quarter. State Street Corp now owns 2,856,975 shares of the company’s stock valued at $51,054,000 after buying an additional 172,833 shares during the period.

NETSTREIT Stock Up 3.1 %

NTST stock opened at $17.06 on Friday. NETSTREIT has a twelve month low of $13.49 and a twelve month high of $18.97. The company has a market cap of $1.25 billion, a PE ratio of 155.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.97. The business’s 50-day simple moving average is $17.28 and its 200 day simple moving average is $16.80. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.47.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Thursday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is presently 745.52%.

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.