NETSTREIT Corp. (NYSE:NTST – Get Free Report) announced a quarterly dividend on Thursday, April 16th. Shareholders 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 17.4%. 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% indicating that 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 $1.39 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 63.3%.
NETSTREIT Price Performance
Shares of NTST opened at $20.28 on Friday. NETSTREIT has a 12-month low of $15.68 and a 12-month high of $21.30. The business’s fifty day moving average is $20.07 and its 200 day moving average is $19.16. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.97 billion, a P/E ratio of 156.04, a P/E/G ratio of 2.73 and a beta of 0.85.
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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