NETSTREIT Corp. (NYSE:NTST) Plans Quarterly Dividend of $0.88

NETSTREIT Corp. (NYSE:NTST) announced a quarterly dividend on Monday, April 20th. Investors of record on Monday, June 1st will be given a dividend of 0.88 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 16.8%. The ex-dividend date of this dividend is Monday, June 1st. This is a 300.0% increase from NETSTREIT’s previous quarterly dividend of $0.22.

NETSTREIT has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. NETSTREIT has a dividend 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 $1.38 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 63.8%.

NETSTREIT Stock Performance

NTST opened at $20.91 on Tuesday. The firm’s fifty day simple moving average is $19.98 and its two-hundred day simple moving average is $18.83. NETSTREIT has a 52-week low of $15.23 and a 52-week high of $21.30. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 232.37, a PEG ratio of 3.25 and a beta of 0.88. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, April 20th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $57.06 million for the quarter, compared to analysts’ expectations of $50.10 million. NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%.NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. Equities analysts anticipate that NETSTREIT will post 1.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NTST shares. Cantor Fitzgerald increased their target price on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. UBS Group boosted their price target on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Truist Financial increased their price objective on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Robert W. Baird lifted their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Scotiabank raised their price target 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. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.94.

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.