DekaBank Deutsche Girozentrale Has $2.03 Million Stake in NETSTREIT Corp. (NYSE:NTST)

DekaBank Deutsche Girozentrale lifted its stake in NETSTREIT Corp. (NYSE:NTST) by 68.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,922 shares of the company’s stock after purchasing an additional 51,767 shares during the period. DekaBank Deutsche Girozentrale owned 0.17% of NETSTREIT worth $2,027,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in NETSTREIT by 12.5% in the second quarter. American Century Companies Inc. now owns 23,619 shares of the company’s stock worth $380,000 after purchasing an additional 2,624 shares during the period. Quest Partners LLC acquired a new stake in shares of NETSTREIT during the 2nd quarter worth approximately $202,000. Arizona State Retirement System raised its stake in shares of NETSTREIT by 8.6% during the second quarter. Arizona State Retirement System now owns 20,498 shares of the company’s stock worth $330,000 after buying an additional 1,617 shares during the last quarter. Rhumbline Advisers lifted its holdings in NETSTREIT by 10.2% in the second quarter. Rhumbline Advisers now owns 126,929 shares of the company’s stock valued at $2,044,000 after buying an additional 11,765 shares during the period. Finally, Van ECK Associates Corp boosted its stake in NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock valued at $182,000 after acquiring an additional 1,359 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTST. Wedbush initiated coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a “neutral” rating and a $17.00 target price for the company. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Finally, Scotiabank cut their target price on NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.88.

NETSTREIT Stock Down 0.3 %

NYSE:NTST opened at $16.57 on Thursday. NETSTREIT Corp. has a 1 year low of $13.49 and a 1 year high of $18.97. The stock has a 50-day moving average price of $16.58 and a two-hundred day moving average price of $16.95. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 184.11 and a beta of 0.97. The company has a current ratio of 4.08, a quick ratio of 4.08 and a debt-to-equity ratio of 0.55.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.33). The business had revenue of $39.57 million during the quarter, compared to analyst estimates of $39.31 million. NETSTREIT had a net margin of 3.32% and a return on equity of 0.39%. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, equities analysts expect that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.21 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, September 3rd. This represents a $0.84 annualized dividend and a dividend yield of 5.07%. NETSTREIT’s dividend payout ratio is currently 933.33%.

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.