Natixis Advisors LLC Buys 941 Shares of NETSTREIT Corp. (NYSE:NTST)

Natixis Advisors LLC raised its stake in NETSTREIT Corp. (NYSE:NTST) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,051 shares of the company’s stock after buying an additional 941 shares during the period. Natixis Advisors LLC’s holdings in NETSTREIT were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of NETSTREIT by 1,931.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock valued at $26,700,000 after purchasing an additional 1,535,761 shares during the period. Vanguard Group Inc. lifted its stake in shares of NETSTREIT by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock valued at $135,062,000 after purchasing an additional 566,513 shares during the period. Marshall Wace LLP lifted its stake in shares of NETSTREIT by 42.4% in the 2nd quarter. Marshall Wace LLP now owns 1,009,106 shares of the company’s stock valued at $16,247,000 after purchasing an additional 300,481 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of NETSTREIT by 5,699.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 146,616 shares of the company’s stock valued at $2,361,000 after purchasing an additional 144,088 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in shares of NETSTREIT in the 2nd quarter valued at about $1,932,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NTST shares. UBS Group started coverage on NETSTREIT in a research note on Monday, October 14th. They set a “buy” rating and a $19.00 price target on the stock. Stifel Nicolaus dropped their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $20.00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, Wedbush started coverage on NETSTREIT in a research note on Monday, August 19th. They set a “neutral” rating and a $17.00 price target on the stock. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.25.

NETSTREIT Stock Performance

NTST stock opened at $16.32 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of -272.00 and a beta of 0.97. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $15.98 and a 200-day moving average of $16.48. NETSTREIT Corp. has a 12-month low of $15.02 and a 12-month high of $18.97.

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

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT’s dividend payout ratio (DPR) is -1,400.00%.

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.