Charles Schwab Investment Management Inc. raised its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,078,174 shares of the company's stock after buying an additional 95,433 shares during the period. Charles Schwab Investment Management Inc. owned about 1.32% of NETSTREIT worth $17,822,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its position in NETSTREIT by 1,931.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company's stock valued at $26,700,000 after purchasing an additional 1,535,761 shares in the last quarter. APG Asset Management US Inc. lifted its holdings in NETSTREIT by 5.6% during the 2nd quarter. APG Asset Management US Inc. now owns 1,520,236 shares of the company's stock worth $24,597,000 after buying an additional 80,553 shares during the last quarter. Marshall Wace LLP boosted its position in shares of NETSTREIT by 42.4% during the 2nd quarter. Marshall Wace LLP now owns 1,009,106 shares of the company's stock worth $16,247,000 after acquiring an additional 300,481 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NETSTREIT by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 409,904 shares of the company's stock valued at $6,599,000 after acquiring an additional 28,222 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of NETSTREIT by 52.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 364,987 shares of the company's stock worth $6,033,000 after acquiring an additional 125,076 shares in the last quarter.
NETSTREIT Trading Down 0.1 %
NTST traded down $0.02 during trading on Friday, reaching $15.70. The company had a trading volume of 487,135 shares, compared to its average volume of 833,126. NETSTREIT Corp. has a 12-month low of $15.04 and a 12-month high of $18.97. The firm's 50-day simple moving average is $15.91 and its 200 day simple moving average is $16.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -261.62 and a beta of 0.97.
NETSTREIT (NYSE:NTST - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.37). The business had revenue of $41.44 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.31 EPS. Equities research analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current year.
NETSTREIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.35%. The ex-dividend date is Monday, December 2nd. NETSTREIT's payout ratio is -1,399.77%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on NTST shares. Truist Financial cut their target price on NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Raymond James raised NETSTREIT from an "outperform" rating to a "strong-buy" rating and dropped their target price for the company from $20.00 to $19.00 in a report on Wednesday, August 21st. UBS Group started coverage on shares of NETSTREIT in a research report on Monday, October 14th. They issued a "buy" rating and a $19.00 price objective on the stock. Finally, Wedbush assumed coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a "neutral" rating and a $17.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NETSTREIT currently has an average rating of "Moderate Buy" and an average price target of $18.33.
Check Out Our Latest Stock Report on NETSTREIT
NETSTREIT Profile
(
Free Report)
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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