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

Shares of NETSTREIT Corp. (NYSE:NTST) have received an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.09.

Separately, Scotiabank increased their price objective on NETSTREIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th.

Insider Transactions at NETSTREIT

In related news, Director Todd Minnis sold 6,250 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On NETSTREIT

Several hedge funds have recently added to or reduced their stakes in NTST. Rhumbline Advisers boosted its holdings in NETSTREIT by 8.7% in the third quarter. Rhumbline Advisers now owns 111,295 shares of the company’s stock valued at $1,734,000 after acquiring an additional 8,902 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in NETSTREIT by 14.8% in the third quarter. Qube Research & Technologies Ltd now owns 146,478 shares of the company’s stock valued at $2,282,000 after buying an additional 18,929 shares during the period. American Century Companies Inc. lifted its stake in NETSTREIT by 16.5% in the third quarter. American Century Companies Inc. now owns 2,157,248 shares of the company’s stock valued at $33,610,000 after buying an additional 304,742 shares during the period. Wellington Management Group LLP lifted its stake in NETSTREIT by 56.7% in the third quarter. Wellington Management Group LLP now owns 2,674,002 shares of the company’s stock valued at $41,661,000 after buying an additional 967,036 shares during the period. Finally, Vanguard Group Inc. lifted its stake in NETSTREIT by 7.8% in 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.

NETSTREIT Stock Performance

NETSTREIT stock opened at $16.45 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.30 and a quick ratio of 4.30. The stock has a fifty day moving average price of $17.00 and a two-hundred day moving average price of $17.39. NETSTREIT has a 52-week low of $13.49 and a 52-week high of $18.97. The firm has a market capitalization of $1.21 billion, a P/E ratio of 182.78, a P/E/G ratio of 9.76 and a beta of 0.97.

NETSTREIT Announces Dividend

The firm also recently announced 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. This represents a $0.82 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Monday, June 3rd. NETSTREIT’s payout ratio is presently 911.11%.

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.