NETSTREIT Corp. (NYSE:NTST) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in NETSTREIT Corp. (NYSE:NTST) by 162.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 72,643 shares of the company’s stock after acquiring an additional 45,007 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NETSTREIT were worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in shares of NETSTREIT by 2.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 130,547 shares of the company’s stock valued at $2,112,000 after purchasing an additional 3,625 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of NETSTREIT by 4.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company’s stock worth $609,000 after purchasing an additional 1,490 shares during the last quarter. abrdn plc lifted its position in NETSTREIT by 15.1% in the third quarter. abrdn plc now owns 15,331 shares of the company’s stock valued at $253,000 after buying an additional 2,017 shares during the last quarter. Cambiar Investors LLC boosted its stake in NETSTREIT by 16.0% during the third quarter. Cambiar Investors LLC now owns 133,840 shares of the company’s stock worth $2,212,000 after buying an additional 18,442 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of NETSTREIT by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 13,363 shares of the company’s stock worth $214,000 after acquiring an additional 2,083 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTST. Capital One Financial assumed coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an “overweight” rating for the company. Raymond James cut their price target on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus decreased their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, Truist Financial decreased their target price on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Trading Down 1.0 %

Shares of NTST stock opened at $14.64 on Thursday. The company has a market capitalization of $1.19 billion, a P/E ratio of -243.96 and a beta of 1.00. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $14.20 and its two-hundred day moving average is $15.43. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.97.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.74%. NETSTREIT’s dividend payout ratio is currently -1,400.00%.

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.