NETSTREIT (NYSE:NTST) Sets New 52-Week High – Here’s What Happened

NETSTREIT Corp. (NYSE:NTSTGet Free Report) reached a new 52-week high on Friday . The company traded as high as $19.87 and last traded at $19.84, with a volume of 8971000 shares changing hands. The stock had previously closed at $19.26.

NETSTREIT News Roundup

Here are the key news stories impacting NETSTREIT this week:

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial lifted their price target on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Stifel Nicolaus raised their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Mizuho decreased their target price on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Finally, Scotiabank restated an “outperform” rating on shares of NETSTREIT in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.45.

Check Out Our Latest Research Report on NTST

NETSTREIT Stock Performance

The business has a fifty day moving average of $18.04 and a 200 day moving average of $18.27. The company has a market cap of $1.93 billion, a P/E ratio of 220.44, a P/E/G ratio of 3.89 and a beta of 0.88. The company has a quick ratio of 3.85, a current ratio of 3.12 and a debt-to-equity ratio of 0.75.

NETSTREIT (NYSE:NTSTGet Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.31). NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. The company had revenue of $52.50 million during the quarter, compared to the consensus estimate of $50.98 million. On average, equities analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.22 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, March 16th. NETSTREIT’s dividend payout ratio is presently 955.56%.

Institutional Trading of NETSTREIT

Large investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its holdings in shares of NETSTREIT by 959.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after acquiring an additional 1,333 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in NETSTREIT by 36.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after purchasing an additional 650 shares during the period. Fulcrum Asset Management LLP purchased a new stake in NETSTREIT in the fourth quarter worth $64,000. Finally, CWM LLC raised its holdings in NETSTREIT by 108.0% in the second quarter. CWM LLC now owns 4,687 shares of the company’s stock worth $79,000 after purchasing an additional 2,434 shares in the last quarter.

About NETSTREIT

(Get Free Report)

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.

Further Reading

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