NETSTREIT Corp. (NYSE:NTST) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 5.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,110 shares of the company’s stock after selling 1,435 shares during the period. Natixis Advisors LLC’s holdings in NETSTREIT were worth $404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of NETSTREIT by 702.3% during the 4th quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock valued at $61,000 after acquiring an additional 3,013 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of NETSTREIT by 204.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,361 shares of the company’s stock valued at $149,000 after purchasing an additional 5,619 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock valued at $182,000 after purchasing an additional 1,359 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of NETSTREIT by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock valued at $228,000 after purchasing an additional 977 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of NETSTREIT in the first quarter valued at $334,000.

NETSTREIT Trading Down 0.1 %

Shares of NTST opened at $17.08 on Friday. The stock has a fifty day moving average price of $16.53 and a two-hundred day moving average price of $16.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.08 and a current ratio of 4.08. NETSTREIT Corp. has a 52-week low of $13.49 and a 52-week high of $18.97. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 189.78 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, July 29th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.33). The firm had revenue of $39.57 million for the quarter, compared to the consensus estimate of $39.31 million. NETSTREIT had a return on equity of 0.39% and a net margin of 3.32%. During the same quarter in the previous year, the firm earned $0.30 EPS. Analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from NETSTREIT’s previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.92%. NETSTREIT’s payout ratio is 933.33%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NTST shares. Scotiabank reduced their target price on NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Wedbush assumed coverage on NETSTREIT in a report on Monday, August 19th. They set a “neutral” rating and a $17.00 price objective for the company. Finally, Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $20.00 to $19.00 in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.88.

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.