NETSTREIT Corp. (NYSE:NTST) Given Average Rating of "Buy" by Analysts

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has earned a consensus rating of "Buy" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.75.

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Capital One Financial assumed coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating on the stock. Raymond James cut their target price on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 17th. Finally, Mizuho cut their target price on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer bought 3,616 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $15.22 per share, for a total transaction of $55,035.52. Following the acquisition, the chief executive officer now directly owns 295,252 shares of the company's stock, valued at $4,493,735.44. The trade was a 1.24 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 5,616 shares of company stock valued at $85,306. Corporate insiders own 0.46% of the company's stock.

Hedge Funds Weigh In On NETSTREIT

A number of hedge funds have recently modified their holdings of NTST. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of NETSTREIT by 1,931.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company's stock worth $26,700,000 after acquiring an additional 1,535,761 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company's stock valued at $67,924,000 after buying an additional 1,521,668 shares in the last quarter. Tributary Capital Management LLC purchased a new position in shares of NETSTREIT during the fourth quarter valued at $12,633,000. Hudson Bay Capital Management LP grew its holdings in shares of NETSTREIT by 195.9% during the fourth quarter. Hudson Bay Capital Management LP now owns 1,338,746 shares of the company's stock valued at $18,943,000 after buying an additional 886,283 shares in the last quarter. Finally, DigitalBridge Group Inc. grew its holdings in shares of NETSTREIT by 1,175.4% during the fourth quarter. DigitalBridge Group Inc. now owns 953,968 shares of the company's stock valued at $13,499,000 after buying an additional 879,168 shares in the last quarter.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $14.92 on Wednesday. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $18.97. The business has a 50 day moving average price of $14.37 and a two-hundred day moving average price of $15.35. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.22 billion, a PE ratio of -248.61 and a beta of 0.99.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT's dividend payout ratio is presently -525.00%.

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.

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