Presima Securities ULC bought a new stake in shares of NETSTREIT Corp. (NYSE:NTST – Free Report) 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 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.
Read Our Latest Research Report on NTST
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.
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