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

Point72 Asset Management L.P. cut its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 59.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,636 shares of the company's stock after selling 72,412 shares during the period. Point72 Asset Management L.P. owned approximately 0.06% of NETSTREIT worth $804,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NTST. Quarry LP purchased a new position in NETSTREIT in the 2nd quarter valued at $45,000. Point72 DIFC Ltd purchased a new stake in NETSTREIT in the 2nd quarter valued at about $83,000. M&G PLC acquired a new position in shares of NETSTREIT in the 3rd quarter worth approximately $173,000. Custom Index Systems LLC acquired a new position in NETSTREIT during the third quarter worth $170,000. Finally, Infrastructure Capital Advisors LLC acquired a new position in NETSTREIT during the 3rd quarter worth about $177,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wedbush assumed coverage on NETSTREIT in a research report on Monday, August 19th. They issued a "neutral" rating and a $17.00 price target on the stock. Stifel Nicolaus dropped their target price on shares of NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. UBS Group started coverage on NETSTREIT in a research note on Monday, October 14th. They set a "buy" rating and a $19.00 price target on the stock. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $16.00 to $18.00 in a report on Monday, November 11th. Finally, Raymond James upgraded shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

NETSTREIT Stock Performance

Shares of NTST stock traded down $0.27 during mid-day trading on Thursday, hitting $14.98. The stock had a trading volume of 402,351 shares, compared to its average volume of 992,730. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market cap of $1.22 billion, a PE ratio of -249.67 and a beta of 0.97. NETSTREIT Corp. has a fifty-two week low of $14.97 and a fifty-two week high of $18.97. The company's 50-day simple moving average is $15.84 and its 200-day simple moving average is $16.34.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.07) earnings per share 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 business had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.10 million. During the same period in the prior year, the company earned $0.31 EPS. Sell-side analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.61%. NETSTREIT's payout ratio is -1,400.00%.

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.