NETSTREIT Corp. (NYSE:NTST) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in NETSTREIT Corp. (NYSE:NTST) by 173.9% in the 3rd quarter, Holdings Channel reports. The fund owned 569,527 shares of the company’s stock after purchasing an additional 361,577 shares during the period. JPMorgan Chase & Co.’s holdings in NETSTREIT were worth $9,414,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of NETSTREIT during the second quarter worth $45,000. Point72 DIFC Ltd purchased a new stake in shares of NETSTREIT during the 2nd quarter worth about $83,000. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT during the 3rd quarter worth about $166,000. M&G PLC acquired a new stake in shares of NETSTREIT during the 3rd quarter valued at about $173,000. Finally, Custom Index Systems LLC bought a new stake in shares of NETSTREIT in the 3rd quarter valued at approximately $170,000.

Analyst Ratings Changes

Several brokerages have recently commented on NTST. Stifel Nicolaus dropped their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho cut their target price on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Scotiabank upgraded 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 research note on Monday, November 11th. Truist Financial cut 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. Finally, UBS Group began 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. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NETSTREIT currently has an average rating of “Moderate Buy” and an average target price of $18.04.

NETSTREIT Trading Up 1.1 %

Shares of NTST opened at $13.79 on Tuesday. The stock has a fifty day moving average price of $15.08 and a two-hundred day moving average price of $15.89. 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 company has a market cap of $1.13 billion, a price-to-earnings ratio of -229.80 and a beta of 1.00. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.97.

NETSTREIT (NYSE:NTST) last issued its quarterly 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 company had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.10 million. During the same quarter last year, the company earned $0.31 EPS. Analysts predict that NETSTREIT Corp. will post 1.19 EPS 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 was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 6.09%. NETSTREIT’s dividend payout ratio (DPR) is currently -1,400.00%.

NETSTREIT Company 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.