Thrivent Financial for Lutherans Has $6.03 Million Stock Holdings in NETSTREIT Corp. (NYSE:NTST)

Thrivent Financial for Lutherans grew its position in NETSTREIT Corp. (NYSE:NTST) by 52.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 364,987 shares of the company’s stock after buying an additional 125,076 shares during the period. Thrivent Financial for Lutherans’ holdings in NETSTREIT were worth $6,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTST. ProShare Advisors LLC increased its position in NETSTREIT by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock worth $228,000 after purchasing an additional 977 shares during the period. Vanguard Group Inc. raised its stake in shares of NETSTREIT by 8.3% during the first quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock worth $135,062,000 after buying an additional 566,513 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in NETSTREIT by 10.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 89,333 shares of the company’s stock valued at $1,641,000 after buying an additional 8,317 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in NETSTREIT by 13.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,780 shares of the company’s stock valued at $364,000 after acquiring an additional 2,391 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC grew its holdings in NETSTREIT by 22.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,007,072 shares of the company’s stock worth $18,500,000 after acquiring an additional 183,058 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NTST. Wedbush started coverage on NETSTREIT in a research note on Monday, August 19th. They issued a “neutral” rating and a $17.00 price target on the stock. Stifel Nicolaus decreased their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $20.00 to $19.00 in a research report on Wednesday, August 21st. UBS Group initiated coverage on shares of NETSTREIT in a report on Monday, October 14th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $16.00 to $18.00 in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NETSTREIT currently has a consensus rating of “Moderate Buy” and an average price target of $18.23.

NETSTREIT Stock Down 0.4 %

Shares of NTST stock opened at $16.13 on Friday. NETSTREIT Corp. has a 12-month low of $15.02 and a 12-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. The firm has a fifty day moving average of $16.01 and a 200-day moving average of $16.51. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -268.83 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last released 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 firm had revenue of $41.44 million for the quarter, compared to the consensus estimate of $41.10 million. NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. During the same quarter last year, the company posted $0.31 EPS. As a group, equities research analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Dividend Announcement

The company 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 $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.21%. The ex-dividend date is Monday, December 2nd. NETSTREIT’s payout ratio is -1,400.00%.

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.