Rush Island Management LP Has $39.09 Million Stock Position in NETSTREIT Corp. (NYSE:NTST)

Rush Island Management LP raised its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,364,964 shares of the company's stock after buying an additional 359,993 shares during the quarter. NETSTREIT comprises 3.0% of Rush Island Management LP's investment portfolio, making the stock its 12th largest holding. Rush Island Management LP owned approximately 2.90% of NETSTREIT worth $39,093,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of NETSTREIT by 1,931.7% in 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 buying an additional 1,535,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NETSTREIT by 765.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company's stock valued at $10,508,000 after purchasing an additional 562,273 shares in the last quarter. Marshall Wace LLP lifted its position in NETSTREIT by 42.4% in the second quarter. Marshall Wace LLP now owns 1,009,106 shares of the company's stock worth $16,247,000 after purchasing an additional 300,481 shares during the period. Quest Partners LLC boosted its stake in NETSTREIT by 1,948.0% during the third quarter. Quest Partners LLC now owns 256,351 shares of the company's stock worth $4,237,000 after buying an additional 243,834 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in NETSTREIT by 27.4% in the 3rd quarter. Verition Fund Management LLC now owns 749,616 shares of the company's stock valued at $12,391,000 after buying an additional 161,237 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NTST shares. Raymond James raised shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the stock from $20.00 to $19.00 in a report on Wednesday, August 21st. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Stifel Nicolaus lowered their target price on shares of NETSTREIT from $19.50 to $19.25 and set a "buy" rating on the stock in a report on Tuesday, November 5th. UBS Group started coverage on shares of NETSTREIT in a report on Monday, October 14th. They set a "buy" rating and a $19.00 price target for the company. Finally, Truist Financial decreased their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NETSTREIT currently has a consensus rating of "Moderate Buy" and an average price target of $18.33.

NETSTREIT Trading Down 0.1 %

NYSE:NTST traded down $0.01 during trading hours on Thursday, hitting $15.72. 458,605 shares of the stock were exchanged, compared to its average volume of 999,781. The company's 50 day moving average is $15.93 and its two-hundred day moving average is $16.41. The company has a market capitalization of $1.28 billion, a P/E ratio of -262.00 and a beta of 0.97. NETSTREIT Corp. has a twelve month low of $15.04 and a twelve month high of $18.97. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

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

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT's dividend 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.