UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 562,273 Shares of NETSTREIT Corp. (NYSE:NTST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 765.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 635,707 shares of the company's stock after buying an additional 562,273 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of NETSTREIT worth $10,508,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NTST. Quarry LP acquired a new stake in shares of NETSTREIT during the 2nd quarter worth about $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT during the 2nd quarter worth about $83,000. M&G PLC acquired a new stake in shares of NETSTREIT during the 3rd quarter worth about $173,000. Custom Index Systems LLC bought a new stake in NETSTREIT during the 3rd quarter worth about $170,000. Finally, Van ECK Associates Corp grew its holdings in NETSTREIT by 13.7% during the 2nd quarter. Van ECK Associates Corp now owns 11,280 shares of the company's stock worth $182,000 after acquiring an additional 1,359 shares during the last quarter.

NETSTREIT Trading Up 0.6 %

NYSE NTST traded up $0.09 during trading on Monday, reaching $15.79. 521,431 shares of the stock traded hands, compared to its average volume of 995,599. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -263.17 and a beta of 0.97. The stock's 50-day moving average price is $15.91 and its 200 day moving average price is $16.38. 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 Corp. has a fifty-two week low of $15.04 and a fifty-two week high of $18.97.

NETSTREIT (NYSE:NTST - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.37). The firm had revenue of $41.44 million for 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 firm posted $0.31 EPS. Analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, December 2nd. NETSTREIT's dividend payout ratio is currently -1,400.00%.

Analyst Ratings Changes

NTST has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a report on Tuesday, November 5th. UBS Group initiated coverage on shares of NETSTREIT in a report on Monday, October 14th. They set a "buy" rating and a $19.00 price objective on the stock. Truist Financial decreased their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday. Wedbush initiated coverage on shares of NETSTREIT in a research note on Monday, August 19th. They issued a "neutral" rating and a $17.00 target price on the stock. Finally, Scotiabank raised shares of NETSTREIT from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.33.

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.