Tributary Capital Management LLC Invests $12.63 Million in NETSTREIT Corp. (NYSE:NTST)

Tributary Capital Management LLC bought a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 892,818 shares of the company's stock, valued at approximately $12,633,000. Tributary Capital Management LLC owned about 1.09% of NETSTREIT at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in NETSTREIT in the second quarter worth $45,000. Point72 DIFC Ltd bought a new position in shares of NETSTREIT in the second quarter worth about $83,000. Hohimer Wealth Management LLC purchased a new position in NETSTREIT in the 3rd quarter worth about $166,000. Sanctuary Advisors LLC bought a new stake in NETSTREIT during the 3rd quarter valued at about $169,000. Finally, Custom Index Systems LLC bought a new stake in NETSTREIT during the 3rd quarter valued at about $170,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTST. Stifel Nicolaus reduced 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. Mizuho reduced their price objective on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Truist Financial decreased their target price on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Scotiabank upgraded NETSTREIT from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, 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 objective for the company. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.75.

NETSTREIT Stock Up 0.6 %

NTST traded up $0.08 during trading on Friday, hitting $14.38. The stock had a trading volume of 653,656 shares, compared to its average volume of 581,617. The stock has a 50 day simple moving average of $14.81 and a two-hundred day simple moving average of $15.78. The company has a market capitalization of $1.17 billion, a PE ratio of -239.64 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.97.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its 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). 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 analyst estimates of $41.10 million. During the same period in the prior year, the company earned $0.31 earnings per share. On average, research analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

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