Y Intercept Hong Kong Ltd Grows Stock Holdings in NETSTREIT Corp. (NYSE:NTST)

Y Intercept Hong Kong Ltd grew its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 162.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,643 shares of the company's stock after acquiring an additional 45,007 shares during the period. Y Intercept Hong Kong Ltd owned 0.09% of NETSTREIT worth $1,028,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NTST. Hohimer Wealth Management LLC bought a new position in shares of NETSTREIT during the 3rd quarter worth about $166,000. M&G PLC bought a new position in shares of NETSTREIT during the 3rd quarter worth about $173,000. Sanctuary Advisors LLC bought a new position in shares of NETSTREIT during the 3rd quarter worth about $169,000. Infrastructure Capital Advisors LLC bought a new position in shares of NETSTREIT during the 3rd quarter worth about $177,000. Finally, Van ECK Associates Corp boosted its position in shares of NETSTREIT by 18.5% during the 3rd quarter. Van ECK Associates Corp now owns 13,363 shares of the company's stock worth $214,000 after purchasing an additional 2,083 shares in the last quarter.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of research analyst reports. Capital One Financial initiated coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating on the stock. Stifel Nicolaus dropped 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. Scotiabank upgraded shares of NETSTREIT from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Truist Financial decreased their price target on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Finally, Mizuho decreased their price target on shares of NETSTREIT from $17.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NETSTREIT has a consensus rating of "Buy" and an average price target of $17.75.

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NETSTREIT Stock Performance

NETSTREIT stock traded up $0.08 during mid-day trading on Friday, reaching $14.98. The company's stock had a trading volume of 1,359,841 shares, compared to its average volume of 832,142. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.97. The company has a market capitalization of $1.22 billion, a P/E ratio of -249.54 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. The firm's fifty day moving average price is $14.24 and its two-hundred day moving average price is $15.42.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.21 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.61%. NETSTREIT's dividend payout ratio is -525.00%.

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.