Quantbot Technologies LP Has $2.45 Million Stock Position in NETSTREIT Corp. $NTST

Key Points

• Quantbot Technologies LP increased its stake in NETSTREIT Corp. by 53.3%, holding 154,357 shares valued at approximately $2.45 million as of the last reporting period.
• NETSTREIT announced a quarterly dividend increase to $0.215, up from the previous $0.21, reflecting a 4.5% dividend yield for shareholders.
• Research analysts have expressed positive sentiment regarding NETSTREIT, with multiple firms raising their price targets and a consensus rating of "Buy."

Quantbot Technologies LP boosted its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 53.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,357 shares of the company's stock after purchasing an additional 53,658 shares during the period. Quantbot Technologies LP owned 0.19% of NETSTREIT worth $2,447,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NTST. Assetmark Inc. boosted its stake in shares of NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after acquiring an additional 1,200 shares in the last quarter. CWM LLC increased its holdings in shares of 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 acquiring an additional 989 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of NETSTREIT during the 4th quarter valued at about $41,000. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 6,977 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of NETSTREIT by 174.3% during the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock valued at $137,000 after acquiring an additional 6,166 shares during the last quarter.

NETSTREIT Trading Up 1.3%

NETSTREIT stock opened at $18.9550 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. The business's 50-day simple moving average is $17.66 and its 200-day simple moving average is $16.17. The firm has a market capitalization of $1.58 billion, a PE ratio of -236.94, a PEG ratio of 4.31 and a beta of 0.89. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $19.02.

NETSTREIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.215 dividend. The ex-dividend date is Tuesday, September 2nd. This is a boost from NETSTREIT's previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.5%. NETSTREIT's dividend payout ratio is presently -1,050.00%.

Analyst Upgrades and Downgrades

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

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.

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