NETSTREIT Corp. (NYSE:NTST) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in NETSTREIT Corp. (NYSE:NTST) by 18.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,363 shares of the company’s stock after purchasing an additional 2,083 shares during the quarter. Van ECK Associates Corp’s holdings in NETSTREIT were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of NETSTREIT in the second quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT in the second quarter valued at approximately $83,000. Custom Index Systems LLC acquired a new position in shares of NETSTREIT during the third quarter valued at approximately $170,000. Quest Partners LLC acquired a new position in shares of NETSTREIT during the second quarter valued at approximately $202,000. Finally, ProShare Advisors LLC increased its stake in shares of NETSTREIT by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock valued at $228,000 after acquiring an additional 977 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NTST. UBS Group began coverage on shares of NETSTREIT in a research note on Monday, October 14th. They set a “buy” rating and a $19.00 price objective on the stock. Stifel Nicolaus lowered 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. Wedbush started coverage on shares of NETSTREIT in a research note on Monday, August 19th. They set a “neutral” rating and a $17.00 price objective on the stock. Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $20.00 to $19.00 in a research report on Wednesday, August 21st. Finally, Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $16.00 to $18.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.30.

NETSTREIT Stock Performance

NETSTREIT stock opened at $15.68 on Thursday. The company has a 50 day moving average price of $16.19 and a 200 day moving average price of $16.58. NETSTREIT Corp. has a 52 week low of $15.02 and a 52 week 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) last issued its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The company 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 business earned $0.31 EPS. On average, equities analysts forecast that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Monday, December 2nd. NETSTREIT’s dividend payout ratio (DPR) is currently -1,399.77%.

NETSTREIT 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.