Nisa Investment Advisors LLC Sells 2,436 Shares of NETSTREIT Corp. (NYSE:NTST)

Nisa Investment Advisors LLC trimmed its position in shares of NETSTREIT Corp. (NYSE:NTST) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,737 shares of the company’s stock after selling 2,436 shares during the period. Nisa Investment Advisors LLC’s holdings in NETSTREIT were worth $279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTST. Quarry LP bought a new stake in NETSTREIT during the 2nd quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new position in shares of NETSTREIT during the second quarter worth approximately $83,000. Hohimer Wealth Management LLC bought a new stake in shares of NETSTREIT in the third quarter valued at approximately $166,000. M&G PLC acquired a new stake in shares of NETSTREIT in the third quarter worth $173,000. Finally, Custom Index Systems LLC acquired a new stake in shares of NETSTREIT in the third quarter worth $170,000.

NETSTREIT Trading Down 2.2 %

NTST stock opened at $14.21 on Thursday. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.97. 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 $14.77 and its 200-day moving average is $15.75. The firm has a market cap of $1.16 billion, a P/E ratio of -236.71 and a beta of 1.00.

NETSTREIT (NYSE:NTST) last announced 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 during the quarter, compared to analyst estimates of $41.10 million. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. During the same period in the prior year, the firm earned $0.31 EPS. Equities analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend was Monday, December 2nd. NETSTREIT’s dividend payout ratio is currently -1,399.77%.

Analyst Upgrades and Downgrades

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

About NETSTREIT

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.