Nisa Investment Advisors LLC Sells 2,436 Shares of NETSTREIT Corp. (NYSE:NTST)

Nisa Investment Advisors LLC trimmed its holdings in NETSTREIT Corp. (NYSE:NTSTFree Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,737 shares of the company’s stock after selling 2,436 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NETSTREIT were worth $279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of NETSTREIT in the second quarter worth about $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT in the 2nd quarter valued at $83,000. Hohimer Wealth Management LLC bought a new stake in shares of NETSTREIT during the third quarter worth $166,000. M&G PLC acquired a new position in shares of NETSTREIT during the third quarter valued at $173,000. Finally, Custom Index Systems LLC bought a new position in NETSTREIT in the third quarter valued at about $170,000.

NETSTREIT Stock Performance

Shares of NTST opened at $14.21 on Thursday. The firm has a market cap of $1.16 billion, a P/E ratio of -236.71 and a beta of 1.00. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The firm’s 50 day moving average price is $14.77 and its two-hundred day moving average price is $15.75.

NETSTREIT (NYSE:NTSTGet Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.07) 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 return on equity of 0.35% and a negative net margin of 2.96%. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, analysts forecast that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.91%. NETSTREIT’s dividend payout ratio is currently -1,399.77%.

Analyst Upgrades and Downgrades

NTST has been the subject of several recent research reports. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $18.00 in a report on Monday, November 11th. Truist Financial dropped their price target on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Mizuho reduced their price objective on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus lowered 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. Finally, UBS Group initiated coverage on shares of NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 target price on the stock. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.75.

Get Our Latest Stock Report on NETSTREIT

NETSTREIT Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NETSTREIT (NYSE:NTST)

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