NETSTREIT Corp. (NYSE:NTST) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in NETSTREIT Corp. (NYSE:NTST) by 12.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,604 shares of the company’s stock after buying an additional 4,284 shares during the quarter. SG Americas Securities LLC’s holdings in NETSTREIT were worth $532,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in NETSTREIT in the second quarter valued at approximately $45,000. Hohimer Wealth Management LLC bought a new stake in shares of NETSTREIT in the 3rd quarter worth approximately $166,000. M&G PLC acquired a new position in NETSTREIT during the 3rd quarter valued at approximately $173,000. Custom Index Systems LLC bought a new position in NETSTREIT during the 3rd quarter worth $170,000. Finally, Sanctuary Advisors LLC acquired a new stake in NETSTREIT in the third quarter worth $169,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NTST. Stifel Nicolaus dropped their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Raymond James dropped their price target on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Truist Financial lowered their target price on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, Mizuho reduced their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NETSTREIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

NETSTREIT Stock Performance

NTST opened at $14.48 on Friday. The business has a 50 day moving average price of $14.70 and a two-hundred day moving average price of $15.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -241.29 and a beta of 1.00. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.97.

NETSTREIT (NYSE:NTST) last announced its earnings results 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 in the prior year, the business earned $0.31 EPS. Research analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.80%. The ex-dividend date was Monday, December 2nd. NETSTREIT’s dividend payout ratio is presently -1,399.77%.

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.