Squarepoint Ops LLC Decreases Position in NETSTREIT Corp. (NYSE:NTST)

Squarepoint Ops LLC lessened its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 57.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,638 shares of the company's stock after selling 35,084 shares during the period. Squarepoint Ops LLC's holdings in NETSTREIT were worth $363,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NTST. Lazard Asset Management LLC purchased a new stake in NETSTREIT in the 4th quarter valued at approximately $41,000. PNC Financial Services Group Inc. increased its position in NETSTREIT by 861.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after purchasing an additional 4,865 shares in the last quarter. Comerica Bank raised its stake in 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 during the last quarter. Prudent Man Advisors LLC acquired a new position in NETSTREIT in the 4th quarter valued at about $143,000. Finally, Mariner LLC purchased a new position in NETSTREIT in the 4th quarter valued at about $143,000.

NETSTREIT Trading Up 1.0%

NTST stock traded up $0.17 during trading on Monday, reaching $16.37. 1,029,838 shares of the stock traded hands, compared to its average volume of 954,130. The business's 50 day moving average price is $15.80 and its 200-day moving average price is $15.12. The firm has a market capitalization of $1.34 billion, a PE ratio of -272.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $17.53.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 5.13%. NETSTREIT's payout ratio is -560.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Mizuho lifted their price target on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Capital One Financial began coverage on NETSTREIT in a report on Wednesday, February 12th. They issued an "overweight" rating for the company. Wells Fargo & Company started coverage on NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price on the stock. Finally, Raymond James restated a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NETSTREIT currently has an average rating of "Buy" and an average target price of $18.16.

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.