NETSTREIT Corp. (NYSE:NTST) Holdings Raised by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its holdings in NETSTREIT Corp. by 173.5%, acquiring additional shares to own a total of 170,667 shares valued at approximately $2.7 million.
• NETSTREIT has raised its quarterly dividend to $0.215 per share, marking an increase from the previous quarter's dividend and yielding 4.6%.
• Market analysts are generally optimistic about NETSTREIT, with various firms setting price targets between $19.00 and $21.00, while maintaining an average rating of "Buy".

New Age Alpha Advisors LLC lifted its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 173.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,667 shares of the company's stock after acquiring an additional 108,274 shares during the quarter. New Age Alpha Advisors LLC owned 0.21% of NETSTREIT worth $2,705,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in NETSTREIT by 3.3% during the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock valued at $345,000 after purchasing an additional 781 shares during the period. Sei Investments Co. boosted its position in NETSTREIT by 146.1% during the 4th quarter. Sei Investments Co. now owns 53,997 shares of the company's stock valued at $764,000 after purchasing an additional 32,060 shares during the period. LPL Financial LLC acquired a new position in NETSTREIT during the 4th quarter valued at approximately $236,000. Vanguard Group Inc. boosted its position in NETSTREIT by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company's stock valued at $112,631,000 after purchasing an additional 234,695 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in NETSTREIT by 37.5% during the 4th quarter. JPMorgan Chase & Co. now owns 782,976 shares of the company's stock valued at $11,079,000 after purchasing an additional 213,449 shares during the period.

NETSTREIT Price Performance

Shares of NETSTREIT stock traded down $0.02 during trading on Friday, hitting $18.55. The stock had a trading volume of 1,020,137 shares, compared to its average volume of 1,767,610. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.83 and a quick ratio of 3.83. The firm has a market cap of $1.55 billion, a P/E ratio of -231.81, a PEG ratio of 4.27 and a beta of 0.89. The business has a fifty day moving average of $17.25 and a two-hundred day moving average of $15.93. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $18.95.

NETSTREIT Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NTST. Raymond James Financial restated a "strong-buy" rating and set a $21.00 price objective 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 target for the stock from $18.00 to $19.00 in a research report on Monday, July 28th. Robert W. Baird boosted their price target on NETSTREIT from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Truist Financial set a $19.00 price target on NETSTREIT in a research report on Friday, July 25th. Finally, UBS Group boosted their price target on NETSTREIT from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NETSTREIT presently has an average rating of "Buy" and an average target price of $18.83.

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.