Dynamic Technology Lab Private Ltd Purchases New Stake in NETSTREIT Corp. (NYSE:NTST)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of NETSTREIT Corp. (NYSE:NTST) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,275 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of NETSTREIT during the second quarter worth about $45,000. Point72 DIFC Ltd acquired a new position in NETSTREIT during the 2nd quarter valued at about $83,000. Custom Index Systems LLC acquired a new position in NETSTREIT during the 3rd quarter valued at about $170,000. M&G PLC bought a new stake in NETSTREIT during the 3rd quarter worth approximately $173,000. Finally, Van ECK Associates Corp raised its stake in shares of NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock worth $182,000 after purchasing an additional 1,359 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NTST shares. Raymond James upgraded NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $20.00 to $19.00 in a report on Wednesday, August 21st. UBS Group started 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. Stifel Nicolaus dropped their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Finally, 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 on the stock. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

NETSTREIT Stock Performance

Shares of NTST stock opened at $16.21 on Monday. NETSTREIT Corp. has a 52 week low of $15.02 and a 52 week high of $18.97. The firm’s 50-day simple moving average is $15.98 and its two-hundred day simple moving average is $16.45. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -270.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.07) EPS 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 during the quarter, compared to analysts’ expectations of $41.10 million. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities analysts forecast that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.18%. The ex-dividend date is Monday, December 2nd. NETSTREIT’s dividend payout ratio (DPR) 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.