NETSTREIT Corp. (NYSE:NTST) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 173.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,527 shares of the company's stock after acquiring an additional 361,577 shares during the period. JPMorgan Chase & Co. owned approximately 0.70% of NETSTREIT worth $9,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in NETSTREIT during the 2nd quarter valued at about $45,000. Point72 DIFC Ltd purchased a new position in NETSTREIT during the second quarter valued at approximately $83,000. Hohimer Wealth Management LLC acquired a new position in NETSTREIT in the third quarter valued at approximately $166,000. Sanctuary Advisors LLC purchased a new position in shares of NETSTREIT during the 3rd quarter valued at approximately $169,000. Finally, Custom Index Systems LLC purchased a new position in shares of NETSTREIT in the 3rd quarter valued at about $170,000.

NETSTREIT Price Performance

NTST stock traded up $0.06 on Tuesday, reaching $13.87. The company had a trading volume of 637,972 shares, compared to its average volume of 743,059. 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's fifty day moving average is $15.04 and its 200 day moving average is $15.87. The company has a market cap of $1.13 billion, a P/E ratio of -231.13 and a beta of 1.00. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.97.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its 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 firm had revenue of $41.44 million during the quarter, compared to analyst estimates of $41.10 million. During the same period in the previous year, the firm posted $0.31 EPS. On average, research analysts forecast that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.21 dividend. 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 6.06%. NETSTREIT's dividend payout ratio (DPR) is currently -1,400.00%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial reduced their target price on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Mizuho reduced their target price on shares of NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $16.00 to $18.00 in a report on Monday, November 11th. UBS Group began 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, Stifel Nicolaus dropped their target price on NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $18.04.

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.