NETSTREIT Corp. (NYSE:NTST) Declares $0.21 Quarterly Dividend

NETSTREIT Corp. (NYSE:NTST) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.205 per share on Friday, June 14th. This represents a $0.82 annualized dividend and a yield of 4.87%. The ex-dividend date is Monday, June 3rd.

NETSTREIT has raised its dividend by an average of 59.4% per year over the last three years and has raised its dividend every year for the last 1 years.

NETSTREIT Stock Down 2.4 %

NTST stock traded down $0.41 during mid-day trading on Tuesday, hitting $16.85. 1,168,944 shares of the company were exchanged, compared to its average volume of 1,116,420. The company has a market capitalization of $1.24 billion, a PE ratio of 157.11, a price-to-earnings-growth ratio of 3.54 and a beta of 0.97. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.47. NETSTREIT has a twelve month low of $13.49 and a twelve month high of $18.97. The firm has a fifty day simple moving average of $17.28 and a 200 day simple moving average of $16.89.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NTST shares. Wolfe Research upgraded shares of NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Tuesday, January 2nd. KeyCorp upgraded shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a research report on Thursday, February 1st. Finally, Mizuho lifted their price objective on shares of NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.11.

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.