Nisa Investment Advisors LLC trimmed its holdings in NETSTREIT Corp. (NYSE:NTST – Free 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 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
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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