NETSTREIT Corp. (NYSE:NTST) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,869 shares of the company’s stock after acquiring an additional 1,490 shares during the period. State of Alaska Department of Revenue owned 0.05% of NETSTREIT worth $609,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in NETSTREIT in the second quarter valued at $45,000. Point72 DIFC Ltd acquired a new stake in shares of NETSTREIT in the 2nd quarter valued at about $83,000. Van ECK Associates Corp grew its stake in NETSTREIT by 13.7% during the 2nd quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock worth $182,000 after buying an additional 1,359 shares during the last quarter. Quest Partners LLC acquired a new position in NETSTREIT during the second quarter worth approximately $202,000. Finally, ProShare Advisors LLC lifted its stake in NETSTREIT by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock valued at $228,000 after buying an additional 977 shares during the last quarter.

Wall Street Analyst Weigh In

NTST has been the topic of a number of research reports. Stifel Nicolaus lowered their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday. Wedbush initiated coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a “neutral” rating and a $17.00 price objective on the stock. Raymond James raised shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from $20.00 to $19.00 in a report on Wednesday, August 21st. Scotiabank lowered their price target on NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group initiated coverage on NETSTREIT in a research report on Monday, October 14th. They issued a “buy” rating and a $19.00 price target on the stock. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.11.

NETSTREIT Stock Performance

NYSE NTST opened at $15.86 on Friday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -266.62 and a beta of 0.97. The business’s 50 day moving average is $16.25 and its two-hundred day moving average is $16.62. NETSTREIT Corp. has a 12-month low of $14.92 and a 12-month high of $18.97. The company has a current ratio of 4.08, a quick ratio of 4.08 and a debt-to-equity ratio of 0.55.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). NETSTREIT had a negative return on equity of 0.36% and a negative net margin of 2.96%. The business had revenue of $41.44 million for the quarter, compared to analyst estimates of $41.10 million. During the same period in the prior year, the company earned $0.31 EPS. Research analysts expect that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Monday, December 2nd. NETSTREIT’s dividend payout ratio (DPR) is -1,399.77%.

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.