Versor Investments LP Acquires Shares of 33,600 NETSTREIT Corp. $NTST

Key Points

• Versor Investments LP has acquired a new stake in NETSTREIT Corp. valued at approximately $533,000 during the first quarter, acquiring 33,600 shares of stock.
• NETSTREIT recently declared a quarterly dividend of $0.215 per share, increasing from its previous dividend of $0.21, representing an annualized yield of 4.6%.
• Analyst ratings for NETSTREIT are largely positive, with a consensus rating of "Buy" and a target price around $19.14, indicating strong market confidence.

Versor Investments LP purchased a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 33,600 shares of the company's stock, valued at approximately $533,000.

Several other institutional investors have also modified their holdings of NTST. Wedge Capital Management L L P NC purchased a new stake in NETSTREIT in the 1st quarter valued at about $2,389,000. LPL Financial LLC purchased a new stake in NETSTREIT in the 4th quarter valued at about $236,000. Freestone Grove Partners LP purchased a new stake in NETSTREIT in the 4th quarter valued at about $363,000. Raymond James Financial Inc. purchased a new stake in NETSTREIT in the 4th quarter valued at about $927,000. Finally, DigitalBridge Group Inc. raised its holdings in NETSTREIT by 1,175.4% in the 4th quarter. DigitalBridge Group Inc. now owns 953,968 shares of the company's stock valued at $13,499,000 after buying an additional 879,168 shares during the period.

NETSTREIT Stock Down 0.3%

NTST traded down $0.0550 on Monday, reaching $18.4650. The company's stock had a trading volume of 1,054,582 shares, compared to its average volume of 1,237,793. The stock has a 50 day moving average of $17.79 and a two-hundred day moving average of $16.28. 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 company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -230.81, a P/E/G ratio of 4.25 and a beta of 0.89. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $19.18.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.7%. This is a positive change from NETSTREIT's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 2nd. NETSTREIT's dividend payout ratio is currently -1,075.00%.

Wall Street Analyst Weigh In

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

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.