Jane Street Group LLC Sells 38,517 Shares of NETSTREIT Corp. (NYSE:NTST)

Jane Street Group LLC lowered its position in shares of NETSTREIT Corp. (NYSE:NTST) by 38.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,172 shares of the company’s stock after selling 38,517 shares during the quarter. Jane Street Group LLC owned 0.07% of NETSTREIT worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in shares of NETSTREIT during the 2nd quarter worth approximately $45,000. Point72 DIFC Ltd bought a new position in shares of NETSTREIT during the 2nd quarter worth approximately $83,000. M&G PLC purchased a new stake in shares of NETSTREIT during the 3rd quarter worth approximately $173,000. Custom Index Systems LLC purchased a new stake in shares of NETSTREIT during the 3rd quarter worth approximately $170,000. Finally, Infrastructure Capital Advisors LLC purchased a new stake in shares of NETSTREIT during the 3rd quarter worth approximately $177,000.

NETSTREIT Price Performance

NYSE:NTST opened at $13.95 on Tuesday. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a twelve month low of $13.74 and a twelve month high of $18.97. The company’s 50 day moving average is $15.48 and its two-hundred day moving average is $16.12. The company has a market cap of $1.14 billion, a PE ratio of -232.46 and a beta of 0.97.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The firm had revenue of $41.44 million for the quarter, compared to analysts’ expectations 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 earnings per share. Analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date was Monday, December 2nd. NETSTREIT’s dividend payout ratio is presently -1,400.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTST. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. UBS Group began coverage on shares of NETSTREIT in a research note on Monday, October 14th. They set a “buy” rating and a $19.00 price target for the company. Truist Financial reduced their price objective 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. Finally, Stifel Nicolaus reduced their price objective 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. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.03.

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.