Nordea Investment Management AB Purchases New Holdings in NETSTREIT Corp. (NYSE:NTST)

Nordea Investment Management AB purchased a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 475,164 shares of the company's stock, valued at approximately $6,714,000. Nordea Investment Management AB owned approximately 0.58% of NETSTREIT as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NTST. 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 decreased their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $16.00 to $18.00 in a report on Monday, November 11th. 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 on the stock. 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 report on Wednesday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.04.

NETSTREIT Stock Performance

Shares of NTST stock traded down $0.09 during mid-day trading on Friday, hitting $13.63. 1,039,471 shares of the stock were exchanged, compared to its average volume of 758,245. The stock's fifty day simple moving average is $15.10 and its two-hundred day simple moving average is $15.91. 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 Corp. has a 12-month low of $13.42 and a 12-month high of $18.97. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -227.13 and a beta of 1.00.

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 analysts' consensus estimates 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 firm had revenue of $41.44 million for the quarter, compared to analysts' expectations of $41.10 million. During the same quarter in the prior year, the business earned $0.31 EPS. On average, analysts forecast that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.21 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a yield of 6.16%. NETSTREIT's dividend payout ratio (DPR) is -1,400.00%.

About NETSTREIT

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.