NETSTREIT Corp. (NYSE:NTST – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.225 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st.
NETSTREIT has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. NETSTREIT has a dividend payout ratio of 310.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect NETSTREIT to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 64.7%.
NETSTREIT Trading Down 0.1%
Shares of NYSE:NTST opened at $20.49 on Friday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 136.60, a PEG ratio of 2.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The stock’s 50-day simple moving average is $21.13 and its two-hundred day simple moving average is $20.46. NETSTREIT has a 52-week low of $17.02 and a 52-week high of $22.47.
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.
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