NETSTREIT Corp. (NYSE:NTST) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 74.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,048 shares of the company's stock after selling 346,733 shares during the period. Point72 Asset Management L.P. owned about 0.16% of NETSTREIT worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTST. GSA Capital Partners LLP boosted its position in shares of NETSTREIT by 173.4% in the 1st quarter. GSA Capital Partners LLP now owns 88,908 shares of the company's stock worth $1,633,000 after buying an additional 56,393 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of NETSTREIT by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,743,007 shares of the company's stock worth $48,963,000 after buying an additional 69,005 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of NETSTREIT in the 1st quarter worth about $2,068,000. Vanguard Group Inc. boosted its position in shares of NETSTREIT by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 6,785,782 shares of the company's stock worth $121,126,000 after buying an additional 330,192 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of NETSTREIT by 22.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,007,072 shares of the company's stock worth $18,500,000 after buying an additional 183,058 shares in the last quarter.

Analyst Upgrades and Downgrades

NTST has been the topic of several analyst reports. Raymond James raised shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and decreased their price target for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank decreased their price target on shares of NETSTREIT from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Finally, Wedbush started coverage on shares of NETSTREIT in a research note on Monday, August 19th. They set a "neutral" rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.88.

NETSTREIT Stock Down 2.7 %

NETSTREIT stock traded down $0.44 during midday trading on Friday, hitting $15.60. 1,048,286 shares of the stock were exchanged, compared to its average volume of 1,015,048. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.08 and a quick ratio of 4.08. The company has a 50 day moving average price of $16.42 and a two-hundred day moving average price of $16.88. The firm has a market cap of $1.14 billion, a P/E ratio of 173.33 and a beta of 0.97. NETSTREIT Corp. has a 1 year low of $13.49 and a 1 year high of $18.97.

NETSTREIT (NYSE:NTST - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.33). NETSTREIT had a net margin of 3.32% and a return on equity of 0.39%. The business had revenue of $39.57 million during the quarter, compared to analysts' expectations of $39.31 million. During the same period in the prior year, the company posted $0.30 EPS. On average, sell-side analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were issued a $0.21 dividend. This is a positive change from NETSTREIT's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 5.38%. The ex-dividend date was Tuesday, September 3rd. NETSTREIT's payout ratio is currently 933.33%.

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.