NETSTREIT (NYSE:NTST) Sees Unusually-High Trading Volume

Shares of NETSTREIT Corp. (NYSE:NTST – Get Rating) saw an uptick in trading volume on Thursday . 32,855 shares changed hands during trading, a decline of 93% from the previous session’s volume of 498,955 shares.The stock last traded at $20.62 and had previously closed at $20.94.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of NETSTREIT from $28.00 to $25.00 and set a “na” rating on the stock in a research note on Monday, May 16th. KeyCorp decreased their price target on shares of NETSTREIT from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Finally, Jefferies Financial Group decreased their price target on shares of NETSTREIT from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $25.60.

NETSTREIT Trading Down 0.2 %

The company has a market cap of $1.02 billion, a PE ratio of 101.21, a P/E/G ratio of 1.48 and a beta of 0.98. The stock’s 50 day moving average is $20.03 and its 200-day moving average is $21.25. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.45.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, August 31st. NETSTREIT’s dividend payout ratio is currently 400.02%.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of NETSTREIT by 4.6% in the first quarter. Daiwa Securities Group Inc. now owns 11,757 shares of the company’s stock valued at $264,000 after acquiring an additional 513 shares during the period. Arizona State Retirement System raised its stake in shares of NETSTREIT by 11.9% in the second quarter. Arizona State Retirement System now owns 11,990 shares of the company’s stock valued at $226,000 after acquiring an additional 1,279 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of NETSTREIT by 5.4% in the first quarter. Great West Life Assurance Co. Can now owns 33,856 shares of the company’s stock valued at $789,000 after acquiring an additional 1,746 shares during the period. Raymond James & Associates raised its stake in shares of NETSTREIT by 18.0% in the first quarter. Raymond James & Associates now owns 13,693 shares of the company’s stock valued at $307,000 after acquiring an additional 2,092 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of NETSTREIT in the first quarter valued at $64,000.

NETSTREIT Company Profile

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NETSTREIT 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.