Cambiar Investors LLC Has $1.63 Million Stock Position 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 holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm 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.

Several other large investors have also recently modified their holdings of the business. American Century Companies Inc. raised its stake in shares of NETSTREIT by 4.4% during the first quarter. American Century Companies Inc. now owns 25,465 shares of the company's stock valued at $404,000 after acquiring an additional 1,065 shares during the last quarter. Aberdeen Group plc raised its stake in shares of NETSTREIT by 8.5% during the first quarter. Aberdeen Group plc now owns 21,731 shares of the company's stock valued at $344,000 after acquiring an additional 1,706 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of NETSTREIT by 9.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 35,338 shares of the company's stock valued at $560,000 after acquiring an additional 2,969 shares during the last quarter. Nuveen LLC bought a new position in shares of NETSTREIT during the first quarter valued at $18,181,000. Finally, Aigen Investment Management LP raised its stake in shares of NETSTREIT by 39.2% during the first quarter. Aigen Investment Management LP now owns 14,288 shares of the company's stock valued at $226,000 after acquiring an additional 4,022 shares during the last quarter.

Analysts Set New Price Targets

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

NETSTREIT Stock Down 2.2%

NTST traded down $0.4080 during midday trading on Friday, hitting $18.4720. The company had a trading volume of 1,714,178 shares, compared to its average volume of 1,020,724. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $19.18. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -230.90, a PEG ratio of 4.36 and a beta of 0.89. The stock's 50 day moving average price is $17.70 and its 200 day moving average price is $16.20.

NETSTREIT Increases Dividend

The business also recently declared 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 represents a $0.86 annualized dividend and a yield of 4.7%. This is an increase from NETSTREIT's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 2nd. NETSTREIT's payout ratio is presently -1,050.00%.

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.