Arizona State Retirement System Buys 1,399 Shares of NETSTREIT Corp. (NYSE:NTST)

Arizona State Retirement System raised its stake in NETSTREIT Corp. (NYSE:NTST) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,728 shares of the company’s stock after acquiring an additional 1,399 shares during the period. Arizona State Retirement System’s holdings in NETSTREIT were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comerica Bank purchased a new position in NETSTREIT in the 2nd quarter worth approximately $320,000. Lazard Asset Management LLC purchased a new position in shares of NETSTREIT in the second quarter worth $32,000. Point72 Hong Kong Ltd bought a new position in shares of NETSTREIT during the first quarter valued at $64,000. FMR LLC boosted its position in shares of NETSTREIT by 62.4% during the second quarter. FMR LLC now owns 2,936 shares of the company’s stock valued at $55,000 after buying an additional 1,128 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in NETSTREIT by 18.2% in the 3rd quarter. Royal Bank of Canada now owns 4,260 shares of the company’s stock worth $75,000 after buying an additional 655 shares in the last quarter.

NETSTREIT Stock Up 3.1 %

NTST opened at $17.06 on Friday. NETSTREIT Corp. has a 1-year low of $13.49 and a 1-year high of $18.97. The firm’s 50 day simple moving average is $17.28 and its two-hundred day simple moving average is $16.80. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.25 billion, a PE ratio of 155.11, a PEG ratio of 3.44 and a beta of 0.97.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.82 annualized dividend and a yield of 4.81%. NETSTREIT’s dividend payout ratio (DPR) is presently 745.52%.

Analyst Ratings Changes

Several equities analysts have issued reports on NTST shares. KeyCorp upgraded shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. Mizuho increased their price objective on shares of NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, Wolfe Research upgraded shares of NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.11.

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.