Quest Partners LLC Has $4.24 Million Position in NETSTREIT Corp. (NYSE:NTST)

Quest Partners LLC boosted its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 1,948.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,351 shares of the company's stock after purchasing an additional 243,834 shares during the period. NETSTREIT makes up about 0.4% of Quest Partners LLC's investment portfolio, making the stock its 9th biggest holding. Quest Partners LLC owned approximately 0.33% of NETSTREIT worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in NTST. Natixis Advisors LLC lifted its position in shares of NETSTREIT by 3.7% during the third quarter. Natixis Advisors LLC now owns 26,051 shares of the company's stock worth $431,000 after purchasing an additional 941 shares in the last quarter. ProShare Advisors LLC lifted its holdings in NETSTREIT by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 12,434 shares of the company's stock worth $228,000 after buying an additional 977 shares in the last quarter. IFM Investors Pty Ltd boosted its position in NETSTREIT by 5.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 17,939 shares of the company's stock valued at $297,000 after buying an additional 1,001 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NETSTREIT by 13.7% during the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company's stock valued at $182,000 after acquiring an additional 1,359 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of NETSTREIT by 4.2% during the third quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company's stock worth $609,000 after acquiring an additional 1,490 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on NTST shares. Wedbush initiated coverage on NETSTREIT in a report on Monday, August 19th. They issued a "neutral" rating and a $17.00 price target for the company. Scotiabank upgraded NETSTREIT from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $16.00 to $18.00 in a research note on Monday, November 11th. UBS Group began coverage on shares of NETSTREIT in a research note on Monday, October 14th. They issued a "buy" rating and a $19.00 price target for the company. Stifel Nicolaus reduced their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James raised shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and dropped their target price for the stock from $20.00 to $19.00 in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NETSTREIT presently has an average rating of "Moderate Buy" and a consensus price target of $18.30.

NETSTREIT Stock Performance

NTST traded up $0.23 on Monday, hitting $15.68. 426,634 shares of the company's stock were exchanged, compared to its average volume of 1,007,415. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $16.09 and a two-hundred day moving average of $16.54. NETSTREIT Corp. has a twelve month low of $15.02 and a twelve month high of $18.97. The firm has a market cap of $1.28 billion, a PE ratio of -261.29 and a beta of 0.97.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.10 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, research analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 5.36%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT's dividend payout ratio (DPR) is -1,399.77%.

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.