NETSTREIT Corp. (NYSE:NTST) Shares Acquired by Custom Index Systems LLC

Custom Index Systems LLC increased its position in shares of NETSTREIT Corp. (NYSE:NTST) by 30.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,363 shares of the company’s stock after purchasing an additional 3,090 shares during the quarter. Custom Index Systems LLC’s holdings in NETSTREIT were worth $189,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of NETSTREIT by 2.9% during the 3rd quarter. State Street Corp now owns 3,104,081 shares of the company’s stock worth $51,310,000 after buying an additional 87,669 shares during the last quarter. Rush Island Management LP lifted its holdings in shares of NETSTREIT by 18.0% in the third quarter. Rush Island Management LP now owns 2,364,964 shares of the company’s stock valued at $39,093,000 after purchasing an additional 359,993 shares in the last quarter. Geode Capital Management LLC grew its position in shares of NETSTREIT by 6.0% in the third quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company’s stock valued at $32,748,000 after purchasing an additional 112,047 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of NETSTREIT by 1,931.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after purchasing an additional 1,535,761 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NETSTREIT by 9.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,078,174 shares of the company’s stock worth $17,822,000 after purchasing an additional 95,433 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus lowered their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Truist Financial cut their target price on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $16.00 to $18.00 in a report on Monday, November 11th. UBS Group began coverage on shares of NETSTREIT in a research report on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Raymond James decreased their target price on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Trading Down 1.0 %

NYSE NTST opened at $14.48 on Friday. The company has a market cap of $1.18 billion, a P/E ratio of -241.29 and a beta of 1.00. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The company has a 50-day moving average of $14.67 and a 200-day moving average of $15.71.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.37). The company had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.10 million. NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. During the same period last year, the company posted $0.31 EPS. As a group, equities analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date was Monday, December 2nd. NETSTREIT’s payout ratio is currently -1,399.77%.

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.