Natixis Advisors LLC Boosts Stock Position in NETSTREIT Corp. (NYSE:NTST)

Natixis Advisors LLC grew its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,051 shares of the company’s stock after acquiring an additional 941 shares during the period. Natixis Advisors LLC’s holdings in NETSTREIT were worth $431,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of NETSTREIT by 8.3% in the first quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock worth $135,062,000 after buying an additional 566,513 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of NETSTREIT by 1,931.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after buying an additional 1,535,761 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of NETSTREIT by 32.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 134,914 shares of the company’s stock worth $2,478,000 after buying an additional 32,688 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of NETSTREIT by 343.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 75,155 shares of the company’s stock worth $1,331,000 after buying an additional 58,201 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of NETSTREIT by 107.8% in the third quarter. GSA Capital Partners LLP now owns 149,651 shares of the company’s stock worth $2,474,000 after buying an additional 77,647 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NTST. UBS Group began coverage on NETSTREIT in a research report on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective on the stock. Stifel Nicolaus reduced their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Wedbush initiated coverage on NETSTREIT in a research note on Monday, August 19th. They issued a “neutral” rating and a $17.00 target price on the stock. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

NETSTREIT Stock Up 0.6 %

Shares of NYSE:NTST opened at $16.32 on Friday. The stock’s 50-day moving average price is $15.98 and its 200-day moving average price is $16.48. NETSTREIT Corp. has a 12-month low of $15.02 and a 12-month high of $18.97. The stock has a market capitalization of $1.33 billion, a P/E ratio of -272.00 and a beta of 0.97. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. The company had revenue of $41.44 million for the quarter, compared to the consensus estimate of $41.10 million. During the same period last year, the business posted $0.31 earnings per share. On average, equities analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.15%. NETSTREIT’s dividend payout ratio (DPR) is currently -1,400.00%.

NETSTREIT 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.