During the recent session, NETSTREIT Corp. (NYSE:NTST)’s traded shares were 2,561,033, with the beta value of the company hitting 0. At the last check, the stock’s price was $20.43, reflecting an intraday gain of 6.85% or $1.31. The 52-week high for the NTST share is $20.75, that puts it down -1.57% from that peak though still a striking +18.6% gain since the share price plummeted to a 52-week low of $16.63. The company’s market capitalization is $562.29 Million, and the average intraday trading volume over the past 10 days was 195.7 Million shares, and the average trade volume was 214.88 Million shares over the past three months.
NETSTREIT Corp. (NTST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.7. NTST has a Sell rating from none of the analyst(s) out of 9 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 8 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.05.
NETSTREIT Corp. (NYSE:NTST): Trading Information
NETSTREIT Corp. (NTST) registered a 6.85% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.31% in intraday trading to $20.66 this Thursday, Apr 08, hitting a weekly high. The stock’s 5-day price performance is 10.28%, and it has moved by 16.71% in 30 days. Based on these gigs, the overall price performance for the year is 4.62%. The short interest in NETSTREIT Corp. (NYSE:NTST) is 435.76 Million shares and it means that shorts have 2.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $21.33, which implies an increase of 4.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $24 respectively. As a result, NTST is trading at a discount of 17.47% off the target high and -2.1% off the low.
NETSTREIT Corp. (NTST) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 107.4% in 2021, the next five years will return 29.9% per annum.
NTST Dividend Yield
However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for NETSTREIT Corp. is 0.8, with the dividend yield indicating at 4.33 percent, continuing the trend of increasing dividends in recent years.
NETSTREIT Corp. (NYSE:NTST)’s Biggest Investors
NETSTREIT Corp. insiders own 0.24% of total outstanding shares while institutional holders control 86.88%, with the float percentage being 87.09%. Tilden Park Management I LLC is the largest shareholder of the company, while 124 institutions own stock in it. As of Dec 30, 2020, the company held over 2.78 Million shares (or 9.81% of all shares), a total value of $54.28 Million in shares.
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The next largest institutional holding, with 2.71 Million shares, is of Long Pond Capital, LP’s that is approximately 9.54% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $52.8 Million.
Also, the Mutual Funds coming in first place with the largest holdings of NETSTREIT Corp. (NTST) shares are Vanguard Total Stock Market Index Fund and Weiss Strategic Interval Fd. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 555,203 shares. This amounts to just over 1.96 percent of the company’s overall shares, with a $10.82 Million market value. The same data shows that the other fund manager holds slightly less at 508.52 Thousand, or about 1.79% of the stock, which is worth about $9.91 Million.