Kovack Advisors Inc. Purchases 7,751 Shares of NETSTREIT Corp. (NYSE:NTST)

Kovack Advisors Inc. lifted its position in NETSTREIT Corp. (NYSE:NTST) by 25.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,713 shares of the company’s stock after acquiring an additional 7,751 shares during the period. Kovack Advisors Inc. owned 0.05% of NETSTREIT worth $673,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of NETSTREIT by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,455,590 shares of the company’s stock worth $100,578,000 after buying an additional 466,435 shares during the last quarter. American Century Companies Inc. grew its stake in shares of NETSTREIT by 16.5% in the 3rd quarter. American Century Companies Inc. now owns 2,157,248 shares of the company’s stock worth $33,610,000 after buying an additional 304,742 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NETSTREIT by 81.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,677 shares of the company’s stock worth $13,238,000 after buying an additional 382,149 shares during the last quarter. Arizona State Retirement System grew its stake in shares of NETSTREIT by 8.1% in the 4th quarter. Arizona State Retirement System now owns 18,728 shares of the company’s stock worth $334,000 after buying an additional 1,399 shares during the last quarter. Finally, Jump Financial LLC grew its stake in shares of NETSTREIT by 446.3% in the 3rd quarter. Jump Financial LLC now owns 84,070 shares of the company’s stock worth $1,310,000 after buying an additional 68,681 shares during the last quarter.

Wall Street Analyst Weigh In

NTST has been the topic of several recent research reports. KeyCorp upgraded NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. Wolfe Research upgraded NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Tuesday, January 2nd. Finally, Mizuho increased their target price on NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.11.

NETSTREIT Stock Performance

Shares of NTST opened at $17.00 on Friday. The business’s fifty day simple moving average is $17.28 and its two-hundred day simple moving average is $16.87. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.47. NETSTREIT Corp. has a 12 month low of $13.49 and a 12 month high of $18.97. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 154.56, a P/E/G ratio of 3.54 and a beta of 0.97.

NETSTREIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.82%. NETSTREIT’s payout ratio is 745.52%.

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.