Brokerages Set NETSTREIT Corp. (NYSE:NTST) Price Target at $18.09

Shares of NETSTREIT Corp. (NYSE:NTST) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.09.

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

NETSTREIT Stock Performance

NTST stock opened at $16.45 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 182.78, a PEG ratio of 9.76 and a beta of 0.97. The company has a 50-day simple moving average of $17.00 and a 200 day simple moving average of $17.39. NETSTREIT has a fifty-two week low of $13.49 and a fifty-two week high of $18.97. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 0.55.

NETSTREIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Monday, June 3rd. NETSTREIT’s dividend payout ratio (DPR) is presently 911.11%.

Insiders Place Their Bets

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

Institutional Trading of NETSTREIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in NETSTREIT by 1,721.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,894 shares of the company’s stock worth $34,000 after buying an additional 1,790 shares during the period. Parallel Advisors LLC raised its holdings in NETSTREIT by 702.3% during the 4th quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after buying an additional 3,013 shares during the period. Signaturefd LLC raised its holdings in NETSTREIT by 266.9% during the 4th quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock worth $88,000 after buying an additional 3,568 shares during the period. Quadrant Capital Group LLC raised its holdings in NETSTREIT by 204.9% during the 4th quarter. Quadrant Capital Group LLC now owns 8,361 shares of the company’s stock worth $149,000 after buying an additional 5,619 shares during the period. Finally, Van ECK Associates Corp raised its holdings in NETSTREIT by 22.7% during the 4th quarter. Van ECK Associates Corp now owns 9,694 shares of the company’s stock worth $173,000 after buying an additional 1,796 shares during the period.

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.