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

NETSTREIT Corp. (NYSE:NTST) declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.205 per share on Friday, June 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Monday, June 3rd.

NETSTREIT has increased its dividend payment by an average of 59.4% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

NETSTREIT Price Performance

NTST stock opened at $16.85 on Wednesday. The firm has a 50 day moving average price of $17.27 and a 200-day moving average price of $16.91. NETSTREIT has a 52-week low of $13.49 and a 52-week high of $18.97. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 187.24, a PEG ratio of 3.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.25 and a current ratio of 3.25.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NTST shares. Wolfe Research raised shares of NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Tuesday, January 2nd. Mizuho raised their price target 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. Finally, KeyCorp raised shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.