Quantbot Technologies LP boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 90.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,950 shares of the company's stock after purchasing an additional 68,993 shares during the quarter. Quantbot Technologies LP owned about 0.18% of NETSTREIT worth $2,396,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of NETSTREIT by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company's stock worth $135,062,000 after acquiring an additional 566,513 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in NETSTREIT by 1,931.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company's stock valued at $26,700,000 after purchasing an additional 1,535,761 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in NETSTREIT by 32.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 134,914 shares of the company's stock valued at $2,478,000 after purchasing an additional 32,688 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of NETSTREIT by 343.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 75,155 shares of the company's stock worth $1,331,000 after buying an additional 58,201 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of NETSTREIT by 107.8% in the 3rd quarter. GSA Capital Partners LLP now owns 149,651 shares of the company's stock worth $2,474,000 after buying an additional 77,647 shares during the last quarter.
NETSTREIT Trading Down 0.7 %
Shares of NETSTREIT stock traded down $0.11 on Friday, hitting $16.21. 804,585 shares of the company traded hands, compared to its average volume of 1,002,963. NETSTREIT Corp. has a 52 week low of $15.02 and a 52 week high of $18.97. The company has a market cap of $1.32 billion, a PE ratio of -271.95 and a beta of 0.97. The stock's 50 day moving average price is $15.98 and its 200-day moving average price is $16.48. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.
NETSTREIT (NYSE:NTST - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $41.10 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Equities research analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current year.
NETSTREIT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.18%. The ex-dividend date is Monday, December 2nd. NETSTREIT's payout ratio is -1,399.77%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Raymond James raised shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and lowered their price target for the company from $20.00 to $19.00 in a report on Wednesday, August 21st. Stifel Nicolaus dropped their target price on NETSTREIT from $19.50 to $19.25 and set a "buy" rating for the company in a report on Tuesday, November 5th. Scotiabank upgraded NETSTREIT from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $16.00 to $18.00 in a report on Monday, November 11th. Wedbush initiated coverage on shares of NETSTREIT in a research note on Monday, August 19th. They issued a "neutral" rating and a $17.00 price objective for the company. Finally, UBS Group began coverage on NETSTREIT in a research note on Monday, October 14th. They set a "buy" rating and a $19.00 target price on the stock. Three investment 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.com, NETSTREIT presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.25.
Read Our Latest Report on NTST
About NETSTREIT
(
Free Report)
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.
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