Natixis Advisors LLC Boosts Stock Position in NETSTREIT Corp. (NYSE:NTST)

Natixis Advisors LLC lifted its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 45.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,970 shares of the company's stock after buying an additional 15,296 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of NETSTREIT worth $776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of NETSTREIT by 5.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,262 shares of the company's stock valued at $654,000 after buying an additional 2,272 shares during the period. Assetmark Inc. grew its stake in NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after purchasing an additional 1,200 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in NETSTREIT by 97.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,621 shares of the company's stock worth $390,000 after purchasing an additional 12,172 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in NETSTREIT during the 1st quarter worth $4,171,000. Finally, Allianz Asset Management GmbH acquired a new position in NETSTREIT during the 1st quarter worth $718,000.

Wall Street Analyst Weigh In

Several research firms recently commented on NTST. 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. Truist Financial set a $19.00 target price on NETSTREIT in a research note on Friday, July 25th. 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. 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. Finally, Bank of America raised 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. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $18.93.

NETSTREIT Stock Up 0.3%

Shares of NYSE:NTST traded up $0.05 on Friday, hitting $18.82. 211,364 shares of the company's stock were exchanged, compared to its average volume of 1,022,178. The company has a market capitalization of $1.57 billion, a PE ratio of -235.25, a P/E/G ratio of 4.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $19.01. The firm's 50-day moving average is $17.46 and its 200 day moving average is $16.05.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.215 dividend. This is a boost from NETSTREIT's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.6%. NETSTREIT's payout ratio is currently -1,050.00%.

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.