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NETSTREIT Corp. (NYSE:NTST) Holdings Lowered by Exchange Traded Concepts LLC

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Exchange Traded Concepts LLC trimmed its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,801 shares of the company's stock after selling 19,162 shares during the period. Exchange Traded Concepts LLC owned about 0.13% of NETSTREIT worth $1,525,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB bought a new stake in shares of NETSTREIT in the 4th quarter valued at approximately $6,714,000. JPMorgan Chase & Co. increased its holdings in shares of NETSTREIT by 173.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after acquiring an additional 361,577 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of 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 acquiring an additional 1,535,761 shares during the last quarter. Vestcor Inc bought a new stake in shares of NETSTREIT in the 3rd quarter valued at approximately $913,000. Finally, Geode Capital Management LLC increased its holdings in shares of NETSTREIT by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company's stock valued at $32,748,000 after acquiring an additional 112,047 shares during the last quarter.

NETSTREIT Stock Performance

Shares of NYSE:NTST traded down $0.15 on Friday, hitting $14.48. The company's stock had a trading volume of 1,712,070 shares, compared to its average volume of 841,138. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -241.29 and a beta of 1.00. The stock's 50-day moving average is $14.70 and its two-hundred day moving average is $15.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11.

NETSTREIT (NYSE:NTST - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.37). NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. The business had revenue of $41.44 million during the quarter, compared to the consensus estimate of $41.10 million. During the same period in the previous year, the company posted $0.31 EPS. On average, equities research analysts forecast that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Announces Dividend

The firm also recently declared 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 was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.80%. NETSTREIT's payout ratio is -1,399.77%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NTST. Truist Financial lowered their price target on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, December 5th. UBS Group initiated coverage on NETSTREIT in a research note on Monday, October 14th. They set a "buy" rating and a $19.00 price objective for the company. 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 note on Tuesday, November 5th. Scotiabank upgraded NETSTREIT from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, Mizuho lowered their price objective on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.75.

Get Our Latest Report on NTST

NETSTREIT Company 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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Institutional Ownership by Quarter for NETSTREIT (NYSE:NTST)

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