NETSTREIT Corp. (NTST) To Go Ex-Dividend on March 14th

NETSTREIT Corp. (NYSE:NTST) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.21 per share on Monday, March 31st. This represents a $0.84 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Friday, March 14th.

NETSTREIT has increased its dividend payment by an average of 37.1% per year over the last three years. NETSTREIT has a payout ratio of 229.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect NETSTREIT to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 64.5%.

NETSTREIT Stock Performance

NTST opened at $14.81 on Wednesday. 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 $1.21 billion, a PE ratio of -246.79 and a beta of 1.00. The business has a fifty day simple moving average of $14.19 and a 200-day simple moving average of $15.44. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $18.97.

Analyst Ratings Changes

A number of research firms recently weighed in on NTST. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $18.00 in a research report on Monday, November 11th. Stifel Nicolaus dropped their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Capital One Financial started coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an “overweight” rating for the company. Mizuho dropped their price objective on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $17.75.

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.