NETSTREIT Corp. (NTST) to Issue Quarterly Dividend of $0.22 on March 31st

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 is Monday, March 16th. This is a 2.3% increase from NETSTREIT’s previous quarterly dividend of $0.22.

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 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

NYSE NTST traded up $0.07 on Friday, reaching $20.26. The stock had a trading volume of 1,209,551 shares, compared to its average volume of 1,415,573. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.12. The company has a market cap of $1.97 billion, a P/E ratio of 225.14, a price-to-earnings-growth ratio of 3.15 and a beta of 0.86. The firm has a fifty day moving average of $19.29 and a two-hundred day moving average of $18.55. NETSTREIT has a 1-year low of $14.00 and a 1-year high of $21.30.

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

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.