SG Americas Securities LLC Sells 18,927 Shares of NETSTREIT Corp. (NYSE:NTST)

SG Americas Securities LLC decreased its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 50.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,677 shares of the company’s stock after selling 18,927 shares during the period. SG Americas Securities LLC’s holdings in NETSTREIT were worth $296,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NTST. Lazard Asset Management LLC bought a new position in NETSTREIT during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. raised its holdings in NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after purchasing an additional 4,865 shares during the period. GAMMA Investing LLC boosted its position in shares of NETSTREIT by 2,779.7% during the first quarter. GAMMA Investing LLC now owns 7,228 shares of the company’s stock worth $115,000 after purchasing an additional 6,977 shares in the last quarter. Comerica Bank grew its holdings in shares of NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company’s stock valued at $137,000 after buying an additional 6,166 shares during the period. Finally, Mariner LLC acquired a new position in shares of NETSTREIT in the 4th quarter valued at $143,000.

Analysts Set New Price Targets

Several analysts recently commented on NTST shares. Mizuho raised their price objective on NETSTREIT from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Raymond James Financial restated a “strong-buy” rating on shares of NETSTREIT in a report on Friday, May 23rd. Finally, Wells Fargo & Company started coverage on NETSTREIT in a report on Monday, April 7th. They set an “overweight” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NETSTREIT has a consensus rating of “Buy” and an average price target of $18.16.

NETSTREIT Price Performance

NTST stock opened at $16.75 on Friday. The stock has a 50-day moving average price of $16.11 and a two-hundred day moving average price of $15.19. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $17.53. The stock has a market cap of $1.37 billion, a PE ratio of -111.63, a price-to-earnings-growth ratio of 4.79 and a beta of 0.88. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 0.69.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.02%. NETSTREIT’s payout ratio is presently -560.00%.

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.