Cambiar Investors LLC Reduces Stake in NETSTREIT Corp. $NTST

Key Points

• Cambiar Investors LLC reduced its stake in NETSTREIT Corp. by 16.4%, selling 20,265 shares during the first quarter, while still holding 103,025 shares valued at approximately $1.63 million.
• NETSTREIT Corp. declared a quarterly dividend of $0.215 per share, a slight increase from the previous $0.21, with an annualized dividend yield of 4.6%.
• Analyst ratings for NETSTREIT are predominantly positive, with a consensus rating of "Buy" and an average price target around $18.93.

Cambiar Investors LLC reduced its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,025 shares of the company's stock after selling 20,265 shares during the quarter. Cambiar Investors LLC owned approximately 0.13% of NETSTREIT worth $1,633,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. grew its position in NETSTREIT by 126.3% in the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock valued at $34,000 after acquiring an additional 1,200 shares in the last quarter. CWM LLC raised its holdings in shares of NETSTREIT by 78.2% in the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after purchasing an additional 989 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of NETSTREIT in the 4th quarter valued at $41,000. GAMMA Investing LLC raised its holdings in shares of NETSTREIT by 2,779.7% in the 1st quarter. GAMMA Investing LLC now owns 7,228 shares of the company's stock valued at $115,000 after purchasing an additional 6,977 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock valued at $137,000 after purchasing an additional 6,166 shares in the last quarter.

NETSTREIT Stock Performance

NTST traded down $0.4080 during trading on Friday, hitting $18.4720. 1,714,218 shares of the stock were exchanged, compared to its average volume of 1,410,775. The firm has a market capitalization of $1.54 billion, a P/E ratio of -230.90, a PEG ratio of 4.33 and a beta of 0.89. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $19.18. The stock has a fifty day moving average price of $17.75 and a two-hundred day moving average price of $16.23. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.215 dividend. This is an increase from NETSTREIT's previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, September 2nd. This represents a $0.86 annualized dividend and a dividend yield of 4.7%. NETSTREIT's dividend payout ratio (DPR) is -1,075.00%.

Analysts Set New Price Targets

NTST has been the topic of a number of analyst reports. Truist Financial set a $19.00 price objective on shares of NETSTREIT in a report on Friday, July 25th. Raymond James Financial restated a "strong-buy" rating and set a $21.00 target price on shares of NETSTREIT in a research note on Wednesday, July 30th. Bank of America upgraded NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $18.00 to $19.00 in a research note on Monday, July 28th. UBS Group boosted their target price on NETSTREIT from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Robert W. Baird boosted their target price on NETSTREIT from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $19.14.

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.