Jane Street Group LLC decreased its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 38.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,172 shares of the company's stock after selling 38,517 shares during the quarter. Jane Street Group LLC owned about 0.07% of NETSTREIT worth $1,011,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in shares of NETSTREIT by 2.9% in the 3rd quarter. State Street Corp now owns 3,104,081 shares of the company's stock worth $51,310,000 after acquiring an additional 87,669 shares in the last quarter. Stifel Financial Corp acquired a new stake in NETSTREIT during the third quarter worth approximately $480,000. QSV Equity Investors LLC increased its holdings in NETSTREIT by 1.6% in the third quarter. QSV Equity Investors LLC now owns 77,533 shares of the company's stock worth $1,282,000 after purchasing an additional 1,214 shares in the last quarter. Rush Island Management LP lifted its stake in NETSTREIT by 18.0% in the third quarter. Rush Island Management LP now owns 2,364,964 shares of the company's stock valued at $39,093,000 after buying an additional 359,993 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of NETSTREIT by 56.5% during the 3rd quarter. Janus Henderson Group PLC now owns 43,800 shares of the company's stock worth $724,000 after buying an additional 15,821 shares in the last quarter.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. UBS Group started coverage on shares of NETSTREIT in a research note on Monday, October 14th. They issued a "buy" rating and a $19.00 price objective for the company. Truist Financial decreased their price target on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Stifel Nicolaus cut their price target on NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, Scotiabank upgraded shares of NETSTREIT from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $16.00 to $18.00 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.03.
View Our Latest Analysis on NTST
NETSTREIT Stock Performance
Shares of NETSTREIT stock traded up $0.20 during trading hours on Tuesday, hitting $14.15. 730,124 shares of the company's stock traded hands, compared to its average volume of 981,571. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -235.79 and a beta of 0.97. NETSTREIT Corp. has a 12-month low of $13.74 and a 12-month high of $18.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The company has a fifty day simple moving average of $15.40 and a 200-day simple moving average of $16.08.
NETSTREIT (NYSE:NTST - Get Free Report) last released 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 company had revenue of $41.44 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $0.31 earnings per share. Equities research analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.
NETSTREIT Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.94%. NETSTREIT's dividend payout ratio is presently -1,400.00%.
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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