NETSTREIT Corp. (NYSE:NTST) Stake Raised by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 402.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,473 shares of the company's stock after buying an additional 43,630 shares during the quarter. Squarepoint Ops LLC owned about 0.07% of NETSTREIT worth $877,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NTST. Point72 DIFC Ltd bought a new position in NETSTREIT during the 2nd quarter worth $83,000. Van ECK Associates Corp grew its stake in shares of NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company's stock worth $182,000 after purchasing an additional 1,359 shares in the last quarter. Quest Partners LLC bought a new position in shares of NETSTREIT in the second quarter worth $202,000. ProShare Advisors LLC grew its stake in shares of NETSTREIT by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company's stock worth $228,000 after purchasing an additional 977 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of NETSTREIT in the second quarter worth $316,000.

Wall Street Analyst Weigh In

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

NETSTREIT Trading Down 0.6 %

Shares of NYSE NTST traded down $0.10 during mid-day trading on Monday, hitting $15.51. 791,965 shares of the company traded hands, compared to its average volume of 1,013,892. NETSTREIT Corp. has a 1 year low of $13.49 and a 1 year high of $18.97. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 173.44 and a beta of 0.96. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $16.42 and a two-hundred day moving average of $16.87.

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

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.42%. This is an increase from NETSTREIT's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, September 3rd. NETSTREIT's dividend payout ratio is currently 933.33%.

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.