Shares of NETSTREIT Corp. (NYSE:NTST - Get Rating) have been assigned an average rating of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.29.
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Separately, Raymond James lowered shares of NETSTREIT from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $23.00 to $21.00 in a research report on Monday, January 9th.
Shares of NYSE NTST opened at $18.84 on Wednesday. The company's 50-day simple moving average is $19.64 and its 200-day simple moving average is $19.11. NETSTREIT has a 52-week low of $17.07 and a 52-week high of $23.72. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 117.75, a price-to-earnings-growth ratio of 3.61 and a beta of 0.98. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.46.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Wednesday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.25%. NETSTREIT's payout ratio is presently 500.00%.
Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in NETSTREIT during the first quarter worth about $64,000. FMR LLC raised its stake in NETSTREIT by 62.4% during the second quarter. FMR LLC now owns 2,936 shares of the company's stock worth $55,000 after purchasing an additional 1,128 shares during the period. Van ECK Associates Corp purchased a new position in NETSTREIT during the third quarter worth about $63,000. Royal Bank of Canada raised its stake in NETSTREIT by 18.2% during the third quarter. Royal Bank of Canada now owns 4,260 shares of the company's stock worth $75,000 after purchasing an additional 655 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of NETSTREIT in the 4th quarter valued at approximately $91,000.
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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