Natixis Advisors LLC raised its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 45.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,970 shares of the company's stock after purchasing an additional 15,296 shares during the quarter. Natixis Advisors LLC owned 0.06% of NETSTREIT worth $776,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. increased its position in shares of NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock valued at $34,000 after purchasing an additional 1,200 shares during the last quarter. CWM LLC grew its holdings in NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after buying an additional 989 shares in the last quarter. Lazard Asset Management LLC purchased a new position in NETSTREIT during the 4th quarter valued at about $41,000. GAMMA Investing LLC grew its holdings in NETSTREIT by 2,779.7% during the 1st quarter. GAMMA Investing LLC now owns 7,228 shares of the company's stock valued at $115,000 after buying an additional 6,977 shares in the last quarter. Finally, Comerica Bank grew its position in NETSTREIT by 174.3% during the fourth quarter. Comerica Bank now owns 9,703 shares of the company's stock worth $137,000 after buying an additional 6,166 shares in the last quarter.
NETSTREIT Stock Up 0.9%
NETSTREIT stock traded up $0.17 during trading hours on Tuesday, hitting $18.74. The stock had a trading volume of 825,864 shares, compared to its average volume of 1,767,836. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.95. The stock's 50-day moving average price is $17.36 and its 200-day moving average price is $16.01. 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 stock has a market capitalization of $1.56 billion, a P/E ratio of -234.19, a price-to-earnings-growth ratio of 4.27 and a beta of 0.89.
NETSTREIT Increases Dividend
The firm 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 4.6%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from NETSTREIT's previous quarterly dividend of $0.21. NETSTREIT's dividend payout ratio is currently -1,050.00%.
Analyst Ratings Changes
Several research firms recently commented on NTST. Raymond James Financial restated a "strong-buy" rating and set a $21.00 target price on shares of NETSTREIT in a research report on Wednesday, July 30th. Bank of America upgraded NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $18.00 to $19.00 in a research report on Monday, July 28th. Truist Financial set a $19.00 price target on shares of NETSTREIT in a research report on Friday, July 25th. Robert W. Baird raised their price target on NETSTREIT from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, UBS Group raised their target price on NETSTREIT from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, NETSTREIT has an average rating of "Buy" and an average target price of $18.83.
Get Our Latest Analysis on NETSTREIT
NETSTREIT Company 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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