Presima Securities ULC Makes New $5.09 Million Investment in NETSTREIT Corp. (NYSE:NTST)

Presima Securities ULC purchased a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 359,333 shares of the company's stock, valued at approximately $5,085,000. NETSTREIT accounts for 1.3% of Presima Securities ULC's investment portfolio, making the stock its 16th largest position. Presima Securities ULC owned approximately 0.44% of NETSTREIT as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP acquired a new position in shares of NETSTREIT during the 2nd quarter worth $45,000. Point72 DIFC Ltd bought a new position in NETSTREIT in the second quarter valued at about $83,000. Hohimer Wealth Management LLC acquired a new position in NETSTREIT during the third quarter worth about $166,000. Sanctuary Advisors LLC bought a new position in shares of NETSTREIT in the third quarter worth about $169,000. Finally, Custom Index Systems LLC acquired a new stake in shares of NETSTREIT in the 3rd quarter valued at approximately $170,000.

NETSTREIT Trading Up 0.6 %

NTST traded up $0.08 during trading on Friday, reaching $14.38. 653,656 shares of the stock traded hands, compared to its average volume of 581,617. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock's 50-day moving average is $14.81 and its 200 day moving average is $15.78. 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 $1.17 billion, a PE ratio of -239.64 and a beta of 1.00.

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

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.84%. NETSTREIT's dividend payout ratio (DPR) is currently -1,399.77%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James lowered their target price on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a report on Friday, January 17th. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Mizuho cut their target price on shares of NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. UBS Group initiated coverage on shares of NETSTREIT in a research report on Monday, October 14th. They issued a "buy" rating and a $19.00 price target for the company. Finally, Scotiabank upgraded shares of NETSTREIT from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $16.00 to $18.00 in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.75.

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.