Public Employees Retirement System of Ohio Acquires 6,560 Shares of NETSTREIT Corp. (NYSE:NTST)

Public Employees Retirement System of Ohio boosted its holdings in NETSTREIT Corp. (NYSE:NTST) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 110,433 shares of the company’s stock after purchasing an additional 6,560 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in NETSTREIT were worth $1,825,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of NETSTREIT in the 2nd quarter worth approximately $45,000. Point72 DIFC Ltd purchased a new position in NETSTREIT in the second quarter worth $83,000. M&G PLC bought a new position in NETSTREIT in the 3rd quarter valued at $173,000. Custom Index Systems LLC bought a new position in NETSTREIT in the 3rd quarter valued at $170,000. Finally, Infrastructure Capital Advisors LLC bought a new stake in NETSTREIT in the third quarter worth about $177,000.

Analysts Set New Price Targets

Several equities analysts recently commented on NTST shares. UBS Group initiated coverage on NETSTREIT in a research note on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective on the stock. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from $20.00 to $19.00 in a research report on Wednesday, August 21st. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $16.00 to $18.00 in a report on Monday, November 11th. Finally, Stifel Nicolaus reduced their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.03.

NETSTREIT Trading Down 4.4 %

NYSE NTST opened at $14.28 on Thursday. The firm has a market capitalization of $1.17 billion, a PE ratio of -237.96 and a beta of 0.97. The stock’s 50 day moving average is $15.78 and its 200 day moving average is $16.27. NETSTREIT Corp. has a twelve month low of $14.27 and a twelve 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.

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 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 analysts’ expectations of $41.10 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. Research analysts forecast that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.88%. NETSTREIT’s dividend payout ratio is presently -1,400.00%.

About NETSTREIT

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.