Aigen Investment Management LP Makes New $546,000 Investment in NETSTREIT Corp. (NYSE:NTST)

Aigen Investment Management LP purchased a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,060 shares of the company's stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quarry LP purchased a new stake in shares of NETSTREIT during the 2nd quarter worth $45,000. Point72 DIFC Ltd purchased a new position in shares of NETSTREIT in the 2nd quarter worth approximately $83,000. Custom Index Systems LLC bought a new position in shares of NETSTREIT during the 3rd quarter worth approximately $170,000. M&G PLC purchased a new stake in NETSTREIT during the third quarter valued at approximately $173,000. Finally, Van ECK Associates Corp boosted its stake in NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company's stock valued at $182,000 after acquiring an additional 1,359 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NTST. Wedbush began coverage on NETSTREIT in a research note on Monday, August 19th. They set a "neutral" rating and a $17.00 target price on the stock. Stifel Nicolaus reduced their target price on NETSTREIT from $19.50 to $19.25 and set a "buy" rating for the company in a research note on Tuesday, November 5th. UBS Group initiated coverage on NETSTREIT in a research note on Monday, October 14th. They set a "buy" rating and a $19.00 price target on the stock. Scotiabank upgraded 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. Finally, Raymond James upgraded shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and cut their price target for the stock from $20.00 to $19.00 in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.30.

NETSTREIT Trading Down 1.8 %

Shares of NTST stock traded down $0.29 on Thursday, reaching $15.39. 233,754 shares of the stock were exchanged, compared to its average volume of 1,008,534. The stock has a market cap of $1.26 billion, a P/E ratio of -261.21 and a beta of 0.97. The firm has a 50 day moving average of $16.17 and a two-hundred day moving average of $16.57. NETSTREIT Corp. has a 1-year low of $15.02 and a 1-year 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.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its quarterly earnings data 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). NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. The firm had revenue of $41.44 million during the quarter, compared to the consensus estimate of $41.10 million. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, research analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.46%. The ex-dividend date is Monday, December 2nd. NETSTREIT's dividend payout ratio is currently -1,399.77%.

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.