359,333 Shares in NETSTREIT Corp. (NYSE:NTST) Purchased by Presima Securities ULC

Presima Securities ULC bought a new stake in shares of NETSTREIT Corp. (NYSE:NTST) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 359,333 shares of the company’s stock, valued at approximately $5,085,000. NETSTREIT accounts for approximately 1.3% of Presima Securities ULC’s holdings, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP acquired a new position in shares of NETSTREIT during the second quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new position in shares of NETSTREIT during the 2nd quarter valued at $83,000. Hohimer Wealth Management LLC bought a new stake in shares of NETSTREIT in the 3rd quarter worth $166,000. M&G PLC acquired a new stake in shares of NETSTREIT in the third quarter valued at $173,000. Finally, Custom Index Systems LLC bought a new position in NETSTREIT during the third quarter valued at about $170,000.

NETSTREIT Trading Up 0.6 %

Shares of NETSTREIT stock opened at $14.38 on Friday. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $14.83 and a 200-day simple moving average of $15.79.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.37). The business had revenue of $41.44 million for the quarter, compared to analysts’ expectations of $41.10 million. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. During the same period last year, the firm earned $0.31 EPS. Equities analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Monday, December 2nd. NETSTREIT’s dividend payout ratio (DPR) is currently -1,399.77%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NTST. Stifel Nicolaus cut their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a report on Tuesday, November 5th. Mizuho reduced their target price on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Raymond James decreased their price target on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, UBS Group started coverage on NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

NETSTREIT Company Profile

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.