NETSTREIT Corp. (NYSE:NTST) to Issue Quarterly Dividend of $0.22

NETSTREIT Corp. (NYSE:NTST) announced a quarterly dividend on Thursday, February 5th. Investors of record on Monday, March 16th will be given a dividend of 0.22 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, March 16th. This is a 2.3% increase from NETSTREIT’s previous quarterly dividend of $0.22.

NETSTREIT has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. NETSTREIT has a payout ratio of 303.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect NETSTREIT to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 72.7%.

NETSTREIT Stock Performance

NTST opened at $20.26 on Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 225.14, a P/E/G ratio of 3.15 and a beta of 0.86. The business’s 50-day moving average price is $19.29 and its two-hundred day moving average price is $18.55. NETSTREIT has a 1 year low of $14.00 and a 1 year high of $21.30. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.12.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The firm had revenue of $52.50 million for the quarter, compared to the consensus estimate of $50.98 million. NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%. Equities analysts expect that NETSTREIT will post 1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NTST has been the topic of a number of research reports. BTIG Research boosted their price objective on shares of NETSTREIT from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Scotiabank increased their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 2nd. Cantor Fitzgerald lifted their target price on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Finally, Truist Financial raised their price target on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.42.

NETSTREIT Company Profile

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.