Dynamic Technology Lab Private Ltd Acquires New Shares in NETSTREIT Corp. (NYSE:NTST)

Dynamic Technology Lab Private Ltd bought a new position in shares of NETSTREIT Corp. (NYSE:NTST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,275 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of NETSTREIT by 1,931.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock valued at $26,700,000 after purchasing an additional 1,535,761 shares during the period. APG Asset Management US Inc. grew its holdings in NETSTREIT by 5.6% during the 2nd quarter. APG Asset Management US Inc. now owns 1,520,236 shares of the company’s stock valued at $24,597,000 after buying an additional 80,553 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of NETSTREIT by 9.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,078,174 shares of the company’s stock valued at $17,822,000 after buying an additional 95,433 shares during the period. Marshall Wace LLP lifted its holdings in shares of NETSTREIT by 42.4% in the second quarter. Marshall Wace LLP now owns 1,009,106 shares of the company’s stock worth $16,247,000 after buying an additional 300,481 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of NETSTREIT by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 409,904 shares of the company’s stock valued at $6,599,000 after acquiring an additional 28,222 shares during the period.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of analyst reports. Wedbush began coverage on shares of NETSTREIT in a report on Monday, August 19th. They set a “neutral” rating and a $17.00 target price on the stock. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $18.00 in a report on Monday, November 11th. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. UBS Group assumed coverage on NETSTREIT in a research report on Monday, October 14th. They set a “buy” rating and a $19.00 target price for the company. Finally, Stifel Nicolaus lowered their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NETSTREIT presently has a consensus rating of “Moderate Buy” and an average price target of $18.25.

NETSTREIT Trading Down 0.7 %

Shares of NTST stock opened at $16.21 on Monday. 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 market cap of $1.32 billion, a P/E ratio of -270.17 and a beta of 0.97. The business has a 50-day moving average price of $15.98 and a two-hundred day moving average price of $16.45. NETSTREIT Corp. has a 12-month low of $15.02 and a 12-month high of $18.97.

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 the consensus estimate of $0.30 by ($0.37). NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. The firm had revenue of $41.44 million during the quarter, compared to analysts’ expectations of $41.10 million. During the same period in the prior year, the company earned $0.31 EPS. Equities analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.18%. NETSTREIT’s dividend payout ratio (DPR) is -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.