GSA Capital Partners LLP Acquires 77,647 Shares of NETSTREIT Corp. (NYSE:NTST)

GSA Capital Partners LLP grew its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 107.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,651 shares of the company's stock after purchasing an additional 77,647 shares during the quarter. GSA Capital Partners LLP owned approximately 0.19% of NETSTREIT worth $2,474,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D boosted its stake in shares of NETSTREIT by 6.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 115,660 shares of the company's stock valued at $1,912,000 after purchasing an additional 6,690 shares during the period. Carmel Capital Partners LLC boosted its stake in shares of NETSTREIT by 11.6% during the third quarter. Carmel Capital Partners LLC now owns 25,006 shares of the company's stock valued at $413,000 after purchasing an additional 2,598 shares during the period. M&G PLC purchased a new stake in shares of NETSTREIT during the third quarter valued at approximately $173,000. Van ECK Associates Corp lifted its stake in NETSTREIT by 18.5% in the third quarter. Van ECK Associates Corp now owns 13,363 shares of the company's stock worth $214,000 after acquiring an additional 2,083 shares during the period. Finally, Cambiar Investors LLC lifted its stake in NETSTREIT by 16.0% in the third quarter. Cambiar Investors LLC now owns 133,840 shares of the company's stock worth $2,212,000 after acquiring an additional 18,442 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NTST. UBS Group began coverage on NETSTREIT in a research note on Monday, October 14th. They issued a "buy" rating and a $19.00 price target for the company. Raymond James raised NETSTREIT from an "outperform" rating to a "strong-buy" rating and dropped their price target for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday. Wedbush assumed coverage on NETSTREIT in a research note on Monday, August 19th. They issued a "neutral" rating and a $17.00 price target for the company. Finally, Stifel Nicolaus lowered their price objective on NETSTREIT from $19.50 to $19.25 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Three investment 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 company's stock. Based on data from MarketBeat, NETSTREIT has an average rating of "Moderate Buy" and an average target price of $18.30.

NETSTREIT Stock Down 1.9 %

Shares of NYSE:NTST traded down $0.31 on Tuesday, hitting $15.79. 924,941 shares of the company traded hands, compared to its average volume of 1,013,847. NETSTREIT Corp. has a 52 week low of $14.92 and a 52 week high of $18.97. The company has a quick ratio of 4.08, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $16.21 and a 200-day simple moving average of $16.59. The company has a market cap of $1.29 billion, a PE ratio of -268.29 and a beta of 0.97.

NETSTREIT (NYSE:NTST - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $41.44 million for the quarter, compared to the consensus estimate of $41.10 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, research analysts expect that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.32%. NETSTREIT's payout ratio is presently -1,399.77%.

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.